931 out of 1566 infra projects are running late
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According to the report, out of 1,566 projects, 384 had a cost overrun of Rs 4,66,874.46 crore or 21.59 per cent over the original estimate. However, the report said that if we look at the current limit of cost sanction, then the cost of 285 projects has increased by Rs 1,97,069.19 crore. On the other hand, there are 259 projects whose cost has escalated and which are also running behind schedule. The cost of implementation of these 1,566 projects is Rs 26,29,193.77 crore. As per the report, Rs 14,71,873.93 crore has been spent on these projects till March 31, 2023, which is 55.98 per cent of the total estimated cost and 68.06 per cent of the original cost.
Number of pending projects increased
Rs 2,81,251.99 crore was allocated for these 1,566 projects in 2022-23. Of the 1,566 projects, 12 are running ahead of schedule, the report said. 292 projects are running on schedule while 931 projects are delayed. Information about the completion time of 331 projects has not been given. The number of delayed projects stood at 41.27 per cent in the quarter ending March 2022, while the number increased to 59.45 per cent in March 2023. During this, the number of those projects also increased whose cost has increased. It has increased from 21.43 percent to 21.59 percent in a year.
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