Infra. A 17 percent increase in the cost of the sector's stalled 421 projects

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Ahmedabad: Almost any government project in India is completed on time. Otherwise, one will surely be surprised if the government projects are completed on time. According to November figures, the cost of 421 infrastructure sector projects involving an investment of more than 150 crores across the country is Rs. 4.40 lakh crore has increased.

According to the report of the Ministry of Statistics and Program Implementation under its supervision Rs. Out of 1831 infrastructure sector projects with an investment of Rs 150 crore and above, 421 projects have cost overruns while 845 projects are delayed.

According to the latest monthly report of the Ministry, the total original cost of 1831 projects under monitoring is Rs. 25,10,577.59 crores but the estimated cost of their completion was Rs. 29,50,997.33 crores. This figure is in the total cost of Rs. 4,40,419.74 crores that is an increase of 17.54 percent.'

The report said that the expenditure on these projects till November 2023 was Rs 15,58,038.07 crore, which is 52.80 per cent of the estimated cost of the projects. However, the number of delayed projects comes down to 629 if delays are calculated based on the latest calendar of completion, the report said.

Neither the year of approval nor the likely construction period has been given for the 308 project. Out of 845 delayed projects, 204 projects are delayed for one to 12 months while 198 projects are delayed for 13-24 months, while 322 projects are delayed for 25-60 months and 121 projects are delayed for more than five years. For 845 late running projects, the time has increased by an average of 36.64 months.

According to the report, various implementing agencies cited delays in land acquisition, delays in obtaining forest and environment clearances and lack of infrastructure as reasons for the delay.

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