An additional expenditure of Rs 4.34 lakh crore on 442 infrastructure projects

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New delhi date. 28 December 2020, Monday

Rs. 150 crore or more for 3 infrastructure projects worth Rs. An increase of Rs 2.5 lakh crore was reported in a report released in November 2020.

Ministry of Statistics and Program Implements Rs. It is monitoring 161 projects worth Rs 150 crore or more. According to the report submitted by this organization, out of 181 projects, the cost behind 3 projects has increased. So 4 projects are running later than its scheduled time limit.

The actual cost of these 121 projects is Rs. 31,91,6.5 crore, it has now increased to Rs. 4,3,8.5 crore. Thus, Rs. 4,6,6.50 crore, an increase of 20.5 per cent of its original cost. As stated in the November report.

J2 projects are running later than its scheduled time frame. Its average end time is 6.15 months. Out of 6, 120 projects are running 1 to 12 months, 12 projects are running 12 to 6 months, 12 projects are running 6 to 20 months and 150 projects are running 21 months and more.

Various reasons behind project delays include delays in land acquisition, delays in forest-environment clearance as well as lack of infrastructure support and linkages.

In addition, delay in tie-up of project finance, change in design, delay in engineering structure, delay in tender, delay in placing orders as well as delay in supply of equipment, other factors including legal hurdles were also responsible for the delay.

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