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448 infra projects hit by cost overrun of Rs 5.55 trillion in Oct-Dec: Govt
The Business Guardian
|April 29, 2024
As many as 448 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by cost overrun of more than Rs 5.55 trillion during December quarter 2023, an official rep ort stated.
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The Quarterly Project Implementation Status Report (QPISR) on Central Sector Projects (costing Rs 150 crore and above) for the third quarter of 2023-24, contains detailed information on 1,897 projects.
The QPISR is prepared by Ministry of Statistics and Programme Implementation.
Out of 1,897 projects, 448 projects were having cost overrun of Rs 5,55,352.41 crore, which is 65.2 per cent of their sanctioned cost.
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