x
ShortPedia
Smart Content App Hand picked content everyday

Image Credit: Business Today

360 Infra projects have cost overruns of Rs 3.8 lakh crore due to delays: Ministry report

Over 360 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.88 lakh crore owing to delays & other reasons. The ministry monitors infrastructure projects worth Rs 150 crore; of these 1608 projects, 360 reported cost overruns & 550-time escalation. According to a report, expenditure incurred on these projects till June 2019 is Rs 935,021.39 crore.