Delay in regulatory approval, lack of funds and land acquisition issues are taking a toll on 115 mega infrastructure projects, which face a cost overrun of Rs 1.47 lakh crore. The projects, each worth Rs 1,000 crore or more, are part of a total 339 across sectors such as power, railway and roads, that were examined by the Statistics Ministry in August 2016.
´During July 2016, the overall cost overrun for 329 projects was Rs 1,47,339.86 crore (14.19 per cent of the original cost),´ said the report released by the ministry. As per the report, the expenditure incurred on these projects till August 2016 stood at Rs 5,17,080.79 crore. Of the 339 infra works, 115 have seen a cost bump-up, which worked out to 114.13 per cent, while in July, it was 108.50 per cent.