OUR CORRESPONDENT Officials at a review meeting. Pix: Srinivas Jamshedpur, Jan. 15: The cost of the ambitious Subernarekha Multipurpose Project (SMP) has swelled to Rs 5,500 crore. The earlier estimate, drawn last year, had amounted to Rs 5,200 crore. After a review meeting at Nirmal Guest House, officials blamed the hike in prices of raw material for the increase in estimates.