According to a report of the Union Ministry of Statistics and Programme Implementation 46.8 per cent (97) of 207 projects classified as mega infrastructure projects costing more than Rs 1,000 crore are facing delays. The data also stated that till May the delayed projects saw a cost overrun of 11.8 per cent from the originally sanctioned Rs 6.99 lakh crore to Rs 7.81 lakh.
The report says that 64 projects are on track and three projects are ahead of the completion deadline.
Of the rest, 38 projects do not have fixed dates for completion while two projects were sanctioned without any time-frame but later, dates for completion were fixed. The five projects with highest cost overrun in percentage terms are being executed by railways.
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