New Delhi: As many as 448 infrastructure projects, each entailing an investment of Rs150 crore or above, were hit by cost overrun of more than Rs5.55 lakh crore during December quarter 2023, an official report stated. The Quarterly Project Implementation Status Report (QPISR) on Central Sector Projects (costing Rs150 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 Rs5,55,352.41 crore, which is 65.2 per cent of their sanctioned cost. However, it stated that with regard to the latest approved cost, 292 projects had reported cost overrun of Rs2,89,699.46 crore.