india nationwide freeway building: Your tax cash circulate to roads, highways seemingly rising as initiatives take over a decade to chop the ribbon
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Within the highway transport and highways sector, 300 out of 825 initiatives are delayed, based on a contemporary flash report on infrastructure initiatives for June 2022. It’s adopted by railways, the place 119 initiatives out of 173 are delayed, whereas for petroleum, 90 out of 142 initiatives are delayed.
The full value of implementation of 825 highway transport and freeway initiatives is anticipated at Rs 5,37,163.29 crore now, implying a value overrun of 9.4 per cent over Rs 4,90,792.42 crore when sanctioned, based on the report by the Infrastructure and Venture Monitoring Division.
IPMD, underneath the Ministry of Statistics and Programme Implementation, is remitted to watch central sector infrastructure initiatives costing Rs 150 crore and above based mostly on the knowledge offered on the On-line Computerised Monitoring System (OCMS) by the challenge implementing businesses.
For railways, the entire authentic value of implementation of 173 initiatives when sanctioned was Rs 3,72,761.45 crore, which later elevated to Rs 6,12,578.9 crore, a price overrun of 64.3 per cent. The expenditure incurred on these initiatives until June 2022 was Rs 3,29,682.13 crore, or 53.8 per cent of the anticipated value.
Within the petroleum sector, the price of implementation of 142 initiatives is estimated at Rs 3,93,008.38 crore, displaying a price overrun of 5.3 per cent from Rs 3,73,333.65 crore when sanctioned. Until June, Rs 1,33,493.59 crore, which is 34 per cent of the their anticipated value, has been invested.
With a delay of 168 months, or 14 years, a 500 MW Prototype Quick Breeder Reactor being constructed by Bharatiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) is probably the most delayed challenge. The second most delayed challenge is PARBATI-II hydro electrical challenge (4X200 MW) of the
, which is delayed by 162 months. It’s adopted by Subansiri Decrease hydro electrical challenge (8X250 MW) of NHPC, with a delay of 155 months.
(With inputs from PTI)
