401 infra projects show cost overruns of Rs 4.02 trillion: Govt report

Lincoln Wylie

As many as 401 infrastructure tasks, each and every well worth Rs 150 crore or additional, have been hit by price tag overruns of above Rs four.02 trillion owing to delays and other good reasons, in accordance to a report.

The Ministry of Statistics and Programme Implementation displays infrastructure tasks well worth Rs 150 crore and over.

Of the one,692 such tasks, 401 tasks described price tag overruns and 552 tasks time escalation.

“Whole unique price tag of implementation of the one,692 tasks was Rs twenty,seventy five,212.70 crore and their expected completion price tag is most likely to be Rs 24,seventy eight,016.45 crore, which demonstrates overall price tag overruns of Rs four,02,803.seventy five crore (19.41 for each cent of unique price tag),” the ministry’s newest report for January 2020 stated.

The expenditure incurred on these tasks till January 2020 is Rs ten,97,604.sixty four crore, which is forty four.29 for each cent of the expected price tag of the tasks.

Nevertheless, it stated the quantity of delayed tasks decreases to 451 if hold off is calculated on the foundation of the newest program of completion.

Even further, it stated that for 824 tasks neither the year of commissioning nor the tentative gestation time period has been described.

Out of 552 delayed tasks, 168 have overall hold off in the range of one to 12 months, one hundred twenty five with hold off in the range of thirteen to 24 months, 145 tasks reflect hold off in the range of twenty five to sixty months and 114 tasks clearly show hold off of sixty one months and over.

The ordinary time overrun in these 552 delayed tasks is 39.seventy one months.

The brief good reasons for time overruns as described by several job implementing agencies are hold off in land acquisition, hold off in acquiring forest/atmosphere clearances and lack of infrastructure support and linkages.

Aside from, there are other good reasons like hold off in tie-up of job funding, hold off in finalisation of specific engineering, modify in scope, hold off in tendering, ordering and equipment source, law and order problems, geological surprises, pre-commissioning teething problems and contractual difficulties, among the other people, the report stated.

It also noticed that job agencies are not reporting revised price tag estimates and commissioning schedules for many tasks, indicating that time or price tag overrun figures are below-described.

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