New Delhi, August 23
As many as 412 infrastructure tasks, every price no less than Rs 150 crore, have reported whole value overruns of over Rs 4.11 lakh crore, in keeping with knowledge from the Ministry of Statistics and Programme Implementation.
The knowledge confirmed that as of July 1, out of 1,683 central sector infrastructure tasks costing Rs 150 crore and above, 412 tasks reported value overruns whereas 471 have been delayed.
Only 9 of the full tasks are forward of their schedule and 224 are on schedule. The report famous that 182 tasks reported each time and value overruns with respect to their authentic challenge implementation schedules.
“Total original cost of implementation of the 1,683 projects was Rs 20,65,336.20 crore and their anticipated completion cost likely to be Rs 24,77,167.67 crore, which reflects overall cost overruns of Rs 4,11,831.47 crore (19.94 per cent of original cost). The expenditure incurred on these projects till June 2020 is Rs 11,21,435.29 crore, which is 45.27 per cent of the anticipated cost of the projects,” it mentioned.
The ‘Flash Report On Central Sector Projects’ famous that the variety of delayed tasks decreases to 418, if the delay is calculated on the idea of the most recent schedule of completion. Further, for 979 tasks, neither the yr of commissioning nor the tentative gestation interval has been reported, it mentioned.
The common time overrun in these delayed tasks is 43.34 months, as per the report.
Various challenge implementing businesses attributed time overruns in challenge implementation to delays in land acquisition and setting clearances, lack of infrastructure help and linkages, delay in tie-ups for challenge financing, finalisation of detailed engineering, adjustments in scope and delays in tendering amongst different components.
The report mentioned that it has been noticed that challenge businesses usually are not reporting revised value estimates and commissioning schedules for a lot of tasks, which suggests that point or value overrun figures are “underreported”. — IANS