The report  revealed  that the  cost  incurred on these projects  till  November 2023  stood at  Rs 15,58,038.07 crore,  or  52.80% of the  planned  cost.  

 An official report has revealed that as many as 421 infrastructure projects, each  requiring  an investment of Rs 150  billion  or more,  have  faced  significant  cost  overruns  exceeding Rs 4.40  billion Rs as of  November 2023. The Ministry of Statistics and  Program  Implementation monitors these  projects  and the latest data  highlight  the scale of the  problem.  

 Project  statistics  and  cost overruns  

 Of the  total  1,831 projects, 421  projects had  cost overruns, while 845 projects  were behind schedule.  The  initial implementation  cost  was Rs 25,10,577.59 crore, with an  expected  completion cost of Rs 29,50,997.33 crore, reflecting an alarming  overall cost  overrun of 17.54%. Costs  and  delays  

 The report  revealed  that the  cost  incurred on these projects  till  November 2023  stood at  Rs 15,58,038.07 crore,  or  52.80% of the  planned  cost. The number of  projects  behind schedule decreased  to 629 when considering the latest completion  progress.  

  Deliver late projects  

 Of the 845  infrastructure projects behind schedule, 204 projects are  delayed  from 1 to 12  months, 198  projects  are delayed  from 13 to 24  months, 322 projects  are delayed from 25 to 60 months  and 121 projects  are delayed.  over 60 months. The average time overrun  for  these projects is  significant  at  36.64 months. 

  Many  project  implementation  agencies  reported many  reasons for  missing deadlines.  These include delays in land acquisition, obtaining  permits, and inadequate  infrastructure  support  and linkages. Other contributing factors  include  delays in project financing,  finalizing  detailed  engineering, changes in scope, bidding, orders  and equipment supply,  order  problems public  and the impact of  state  COVID-19 lockdowns in 2020 and 2021. 

 Differences in reporting  

 The report notes that project  implementing  agencies often fail to  communicate  revised cost estimates and commissioning schedules for many projects. This suggests that the reported  figures for  time and cost  overruns  may be underrepresented,  suggesting  potential  discrepancies  in the data. 

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