Cost overruns decline to 20.34% in April, says new MoSPI report

Indian infrastructure projects’ anticipated costs were 20.34% higher than the original costs as of May 1, according to a report by the Ministry of Statistics and Programme Implementation. The total cost at INR27.5tn ($370bn) was INR4.65tn higher than the original cost. Among the central government’s 1,605 infrastructure projects worth INR150 crore and above, 54% of delayed projects were delayed by two years. However, the time overrun has decreased compared to last year. Over 73% of projects with cost overruns were in road transport and highways, where 44% are expected to exceed the original completion time.

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