Ministry of Statistics : 448
infra projects report cost overrun of Rs 4.02 trn; 539 behind schedule
As many
as 448 central sector infrastructure projects have reported a cost overrun of
over Rs 4.02 lakh crore as of February 21, 2021.
The
monthly Flash Report by the Ministry of Statistics and Programme Implementation
said that 539 projects are running behind schedule.
"Total
original cost of implementation of the 1,739 projects was Rs 22,18,210.29 crore
and their anticipated completion cost is likely to be Rs 26,20,618.44 crore,
which reflects overall cost overruns of Rs 4,02,408.15 crore (18.14 per cent of
original cost)," it said.
The
expenditure incurred on these projects till January 2021 is over Rs 12.29 lakh
crore, which is 46.92 per cent of the anticipated cost of the projects.
"Out
of the 1,739 projects, 12 projects are ahead of schedule, 247 are on schedule,
539 are delayed, 448 projects reported cost overrun and 209 projects reported
both time and cost overrun with respect to their original project
implementation schedules," it said.
The
report however, noted that the number of delayed projects decreased to 401 if
delay is calculated on the basis of latest schedule of completion. Further, for
941 projects neither the year of commissioning nor the tentative gestation
period has been reported.
www.business-standard.com dt. 23.02.2021