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483 infra projects report cost overrun of Rs 4.4 lakh crore

  •   Sun, Aug 22 2021 01:45:42 PM

New Delhi, Aug 22 (IANS): As many as 483 infrastructure projects have reported a cost overrun of Rs 4.43 lakh crore till August 1, 2021.

The Flash Report for central sector projects for July released by the Ministry of Statistics and Programme Implementation showed that 504 projects are running behind schedule.

The total original cost of implementation of the 1,781 projects was Rs 22,82,160.40 crore and their anticipated completion cost is likely to be Rs 27,25,408.00 crore, which reflects overall cost overruns of Rs 4,43,247.60 crore (19.42 per cent of original cost), the report noted.

The expenditure incurred on these projects till July 2021 is Rs 13,22,515.87 crore, which is 48.53 per cent of the anticipated cost of the projects.

"Out of the 1,781 projects, 13 projects are ahead of schedule, 263 are on schedule, 504 are delayed, 483 projects reported cost overrun and 199 projects reported both time and cost overrun with respect to their original project implementation schedules," it said.

However, it added that the number of delayed projects decreased to 369 if delay is calculated on the basis of the latest schedule of completion.

Further, for 1,001 projects neither the year of commissioning nor the tentative gestation period has been reported.

 
  

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Comment on this article

  • Praveen, Mangalore

    Sun, Aug 22 2021

    BJP = Brasta Janara Party

    DisAgree [3] Agree [5] Reply Report Abuse

  • Praveen, Mangalore

    Sun, Aug 22 2021

    Suitcase problem... i think 50% also not going to project hence poor quality of work we can see.. Simple Example is : PUMPWELL Fly over

    DisAgree [1] Agree [7] Reply Report Abuse

  • Valerian DSouza, Udupi/ Mumbai

    Sun, Aug 22 2021

    To expedite infrastructure projects in time, we have to learn from Chinese. But our real problem is most of the projects stuck due to cases in courts for dispute resolutions. To resolve these in time, and to control cost overrun, fast track courts should be set up. In China, there's no scope for disputes. Leaving these, we shouldn't lag behind China in completing infrastructure projects, if we really want keep up our pace of our development.

    DisAgree Agree [7] Reply Report Abuse

  • Jossey Saldanha, Thane

    Sun, Aug 22 2021

    How much has as been Pocketed ...

    DisAgree [1] Agree [7] Reply Report Abuse

  • arm, Mangalore

    Sun, Aug 22 2021

    No Worries Gay Hamari Mata Hai. Janta Hami Data Hai. Gay Dood Deti Hai, Janta Tax Deti Hai.

    DisAgree [1] Agree [5] Reply Report Abuse


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