Tourism, Hospitality & WellnessIPM · Central Project +116.1% Overrun#707215

National Maritime Heritage Complex [NMHC] Phase-I

Ministry of Ports, Shipping and WaterwaysGujaratData: 2026-05

Revised Cost: ₹1238 CrUtilization: 50.4%Overrun: +₹665 Cr

Original Cost

₹573 Cr

Baseline estimate

+116%

Revised Cost

₹1238 Cr

Latest approved cost

Expenditure

₹624 Cr

Spent to date

Utilization

50.4%

Of revised budget

Escalated

Cost Status

+116.1%

+₹665 Cr increase

Remaining

₹614 Cr

Budget left

Budget Utilization

50.4%

0%25%50%75%100%

Spent

₹624 Cr

Remaining

₹614 Cr

Total

₹1238 Cr

Budget Split

SpentRemaining

Cost Escalation Analysis

Original Cost

₹573 Cr

Revised Cost

₹1238 Cr

Increase

+₹665 Cr

Escalation

+116.1%

Project Timeline

Project Approved

Construction / Implementation

Original End Date

31/03/2024

Revised Completion

31/03/2026

Completed

Project Details

Project Code707215

SectorTourism, Hospitality & Wellness

MinistryMinistry of Ports, Shipping and Waterways

StateGujarat

Data Month2026-05

Financial & Timeline

Original Cost₹573 Cr

Revised Cost₹1238 Cr

Expenditure₹624 Cr

Original End Date31/03/2024

Revised Date31/03/2026

Project Intelligence

Cost has increased by ₹665 Cr (116.1%) from the original estimate of ₹573 Cr.

Expenditure stands at ₹624 Cr, which is 50.4% of the revised project cost.

Remaining budget: ₹614 Cr. Project is tracked under the DPIIT Investment Project Monitoring system.

Sector: Tourism, Hospitality & Wellness. Ministry: Ministry of Ports, Shipping and Waterways.

Frequently Asked Questions

What is IPM project "National Maritime Heritage Complex [NMHC] Phase-I"?: National Maritime Heritage Complex [NMHC] Phase-I is a centrally-funded infrastructure project under the Ministry of Ports, Shipping and Waterways, tracked through the Investment Project Monitoring (IPM) system. Sector: Tourism, Hospitality & Wellness. State: Gujarat. Original cost: ₹573 Cr.
What is the cost overrun for this Bihar IPM project?: The original cost was ₹573 Cr and has been revised to ₹1238 Cr — a cost overrun of +116.1%. Expenditure to date: ₹624 Cr (50.4% of revised cost). Data as of 2026-05.
Which ministry is responsible for this project?: National Maritime Heritage Complex [NMHC] Phase-I is under the Ministry of Ports, Shipping and Waterways in the Tourism, Hospitality & Wellness sector. Project code: 707215. Bihar is one of the states tracked under the central IPM dashboard for this project.
What is the IPM dashboard and what does it track?: The Investment Project Monitoring (IPM) dashboard, maintained by DPIIT (Department for Promotion of Industry and Internal Trade), tracks centrally-funded infrastructure projects worth ₹150 Crore and above. National Maritime Heritage Complex [NMHC] Phase-I is one of several Bihar projects tracked under the Tourism, Hospitality & Wellness sector on the IPM system.

Frequently Asked Questions

What is IPM project "National Maritime Heritage Complex [NMHC] Phase-I"?

National Maritime Heritage Complex [NMHC] Phase-I is a centrally-funded infrastructure project under the Ministry of Ports, Shipping and Waterways, tracked through the Investment Project Monitoring (IPM) system. Sector: Tourism, Hospitality & Wellness. State: Gujarat. Original cost: ₹573 Cr.

What is the cost overrun for this Bihar IPM project?

The original cost was ₹573 Cr and has been revised to ₹1238 Cr — a cost overrun of +116.1%. Expenditure to date: ₹624 Cr (50.4% of revised cost). Data as of 2026-05.

Which ministry is responsible for this project?

National Maritime Heritage Complex [NMHC] Phase-I is under the Ministry of Ports, Shipping and Waterways in the Tourism, Hospitality & Wellness sector. Project code: 707215. Bihar is one of the states tracked under the central IPM dashboard for this project.

What is the IPM dashboard and what does it track?

The Investment Project Monitoring (IPM) dashboard, maintained by DPIIT (Department for Promotion of Industry and Internal Trade), tracks centrally-funded infrastructure projects worth ₹150 Crore and above. National Maritime Heritage Complex [NMHC] Phase-I is one of several Bihar projects tracked under the Tourism, Hospitality & Wellness sector on the IPM system.