Categories: Business

401 infra projects cost overrun by 4 lakh crore

Photo: PTI

Infrastructure projects

new Delhi. The cost of 401 projects costing Rs 150 crore or more in the infrastructure sector has increased by more than four lakh crore rupees from the estimated estimate. It has been reported in a report. The cost of these projects has increased due to delays and other reasons. The Ministry of Statistics and Program Implementation monitors infrastructure sector projects costing Rs 150 crore or more. The ministry said that out of 1,692 such projects, 552 projects are running late, while the cost of 401 projects has gone up. "The original cost of implementation of these 1,692 projects was Rs 20,75,212.70 crore, which is expected to increase to Rs 24,78,016.45 crore," the ministry said in the report released for January 2020. This shows that their cost has increased by 19.41 percent i.e. Rs 4,02,803.75 crore as compared to the original cost. "

According to the report, by January 2020, Rs 10,97,605 crore has been spent on these projects, which is 44.29 percent of the total estimated cost. However, the ministry says that if we look at the recent deadline for completion of projects, the number of delayed projects will come down to 451. The ministry said that out of the 552 delayed projects, 168 projects are running from one month to 12 months, 125 projects from 13 to 24 months, 145 projects from 25 to 60 months and 114 projects are running for 61 months or more. The average delay of these 552 projects is 39.71 months. The reasons for the delay in these projects are the delay in land acquisition, delay in getting the clearances of the Environment and Forest Department and lack of infrastructure. Apart from these, factors such as delay in financing of the project, delay in materialization of detailed engineering, change in prospects of projects, delay in tender process, delay in awarding contracts and equipment, legal and other problems, unexpected land changes etc. Are responsible for.

This post was published on July 19, 2020 11:14 pm

Content Team

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