{"id":7361,"date":"2020-07-19T07:32:00","date_gmt":"2020-07-19T07:32:00","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=7361"},"modified":"2020-07-19T07:32:00","modified_gmt":"2020-07-19T07:32:00","slug":"at-least-401-infrastructure-projects-show-cost-overruns-of-%e2%82%b94-02-lakh-crore","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=7361","title":{"rendered":"At least 401 infrastructure projects show cost overruns of \u20b94.02 lakh crore"},"content":{"rendered":"

<\/p>\n

\n

As many as 401 infrastructure projects, each worth \u20b9150 crore or more, have been hit by cost overruns of over \u20b94.02 lakh crore owing to delays and other reasons, according to a report. <\/p>\n

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth \u20b9 150 crore and above. <\/p>\n

Also Read | Hardly smart about urban healthcare<\/a><\/p>\n

Of the 1,692 such projects, 401 projects reported cost overruns and 552 projects time escalation. <\/p>\n

\u201cTotal original cost of implementation of the 1,692 projects was \u20b920,75,212.70 crore and their anticipated completion cost is likely to be \u20b924,78,016.45 crore, which reflects overall cost overruns of \u20b94,02,803.75 crore (19.41% of original cost),\u201d the Ministry\u2019s latest report for January 2020 said.<\/p>\n

The expenditure incurred on these projects till January 2020 is \u20b910,97,604.64 crore, which is 44.29% of the anticipated cost of the projects.<\/p>\n

However, it said the number of delayed projects decreases to 451 if delay is calculated on the basis of the latest schedule of completion.<\/p>\n

Further, it said that for 824 projects neither the year of commissioning nor the tentative gestation period has been reported.<\/p>\n

Out of 552 delayed projects, 168 have overall delay in the range of 1 to 12 months, 125 with delay in the range of 13 to 24 months, 145 projects reflect delay in the range of 25 to 60 months and 114 projects show delay of 61 months and above. <\/p>\n

The average time overrun in these 552 delayed projects is 39.71 months. <\/p>\n

The brief reasons for time overruns as reported by various project implementing agencies are delay in land acquisition, delay in obtaining forest\/environment clearances and lack of infrastructure support and linkages.<\/p>\n

Besides, there are other reasons like delay in tie-up of project financing, delay in finalisation of detailed engineering, change in scope, delay in tendering, ordering and equipment supply, law and order problems, geological surprises, pre-commissioning teething troubles and contractual issues, among others, the report said. <\/p>\n

It also observed that project agencies are not reporting revised cost estimates and commissioning schedules for many projects, indicating that time or cost overrun figures are under-reported. <\/p>\n<\/div>\n

\n
\n
\n
\n
\n

You have reached your limit for free articles this month.<\/p>\n

To get full access, please subscribe. <\/p>\n

Already have an account ? Sign in<\/a>\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Show Less Plan <\/p>\n<\/div>\n

\n

Subscription Benefits Include<\/h4>\n
\n
\n
\n<\/p>\n
\n
Today’s Paper<\/h6>\n

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Faster pages<\/h6>\n

Move smoothly between articles as our pages load instantly.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Unlimited Access<\/h6>\n

Enjoy reading as many articles as you wish without any limitations.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Dashboard<\/h6>\n

A one-stop-shop for seeing the latest updates, and managing your preferences.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Personalised recommendations<\/h6>\n

A select list of articles that match your interests and tastes.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n<\/p>\n
\n
Briefing<\/h6>\n

We brief you on the latest and most important developments, three times a day.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n

\n*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.\n<\/p>\n<\/div>\n<\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As many as 401 infrastructure projects, each worth \u20b9150 crore or more, have been hit by cost overruns of over \u20b94.02 lakh crore owing to delays and other reasons, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth \u20b9 150 crore and above. Also […]<\/p>\n","protected":false},"author":1,"featured_media":7362,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-7361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/07\/INFRASTRUCTURE.jpeg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7361"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/7362"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}