393 infrastructure projects costing Rs. 4.65 lakh crore has increased

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Ahmedabad: In infrastructure sector Rs. 393 projects with a cost of 150 crore or more cost more than the estimated cost of Rs. 4.65 lakh crore has increased to more than Rs. A report said that the outstanding cost of these projects has increased due to delays and other reasons.

Ministry of Statistics and Program Implementation Rs. Oversees expenditure on infrastructure projects with a budget of 150 crores or more. According to the department's August 2022 report, out of 1526 such projects, 393 have incurred cost overruns, while 647 projects are running with delays.

According to the report, the original cost of implementing these 1526 projects was Rs 21,26,460.93 crore, but now it is estimated to be Rs 25,91,823.45 crore. This figure shows that 21.88 percent of the cost of these projects i.e. Rs. 4,65,362.52 crore has increased.

Till August 2022, Rs 13,60,645.94 crore has been spent on these projects, which is 52.49 per cent of the total estimated expenditure.

However, the ministry has said that if we look at the latest timeline for project completion, the number of delayed projects will come down to 500. However, the report did not provide details about the year of commencement of work on 607 projects.

The report said that out of 647 projects running in delay, 132 projects have been delayed for one month to 12 months, 118 projects for 13 to 24 months, 273 projects for 25 to 60 months and 124 projects for 61 months or more. The average delay period in these 647 projects is 41.64 months.

Delays in land acquisition, delays in obtaining environment and forest department clearances, and lack of infrastructure are among the reasons for delays in projects. Besides project funding, delay in implementation of detailed engineering, change in project prospects, delay in tender process, delay in award of contract and procurement of equipment, legal and other issues, unexpected land changes etc. have delayed the project. Certain projects have also been delayed due to the lockdown imposed by various states due to Kovid-19.

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