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“Whole authentic value of implementation of the 1529 tasks was Rs 21,25,851.67 crore and their anticipated completion value is more likely to be Rs 25,78,197.18 crore, which displays total value overruns of Rs 4,52,345.51crore (21.28% of authentic value),” the ministry’s newest report for September 2022 stated.
Based on the report, the expenditure incurred on these tasks until September 2022 was Rs 13,78,142.29 crore, or 53.45 per cent of the anticipated value of the tasks.
Nonetheless, the variety of delayed tasks decreases to 531 if delay is calculated on the premise of newest schedule of completion.
Additional, it confirmed that for 603 tasks, neither the yr of commissioning nor the tentative gestation interval has been reported.
Out of the 662 delayed tasks, 133 have total delays within the vary of 1-12 months, 124 have been delayed for 13-24 months, 276 tasks for 25-60 months and 129 tasks have been delayed for 61 months and above.
The typical time overrun in these 662 delayed tasks is 42.08 months.
Causes for time overruns as reported by numerous venture implementing businesses embody delay in land acquisition, delay in acquiring forest and surroundings clearances, and lack of infrastructure assist and linkages.
Delay in tie-up for venture financing, finalisation of detailed engineering, change in scope, tendering, ordering and gear provide, and legislation and order issues are among the many different causes.
The report additionally cited state-wise lockdowns resulting from COVID-19 as a purpose for the delay in implementation of those tasks.
It has additionally been noticed that venture businesses usually are not reporting revised value estimates and commissioning schedules for a lot of tasks, which suggests that point/value overrun figures are under-reported, it said.
