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“Whole unique price of implementation of the 1,902 tasks was Rs 27,08,030.44 crore, and their anticipated completion price is prone to be Rs 32,00,507.55 crore, which displays total price overruns of Rs 4,92,477.11 crore (18.19 per cent of unique price),” the ministry’s newest report for February 2024 stated.
In response to the report, the expenditure incurred on these tasks until February 2024 is Rs 16,76,739 crore, which is 52.39 per cent of the anticipated price of the tasks.
Nonetheless, the variety of delayed tasks decreases to 568 if the delay is calculated on the premise of the newest schedule of completion, it added.
Additional, it stated that for 389 tasks, neither the 12 months of commissioning nor the tentative gestation interval has been reported.
Out of the 764 delayed tasks, 188 have total delays within the vary of 1-12 months, 185 have been delayed for 13-24 months, 275 tasks for 25-60 months, and 116 tasks have been delayed for greater than 60 months. The common time overrun in these 764 delayed tasks is 36.27 months. Causes for time overrun, as reported by varied venture implementing companies, embody delay in land acquisition, acquiring forest and setting clearances, and lack of infrastructure assist and linkages.
Delays in tie-up for venture financing, finalisation of detailed engineering, change in scope, tendering, ordering and tools provide, and legislation and order issues are amongst different causes.
The report additionally cited state-wise lockdowns resulting from COVID-19 (imposed in 2020 and 2021) as a purpose for the delay within the implementation of those tasks.
It has additionally been noticed that venture executing companies usually are not reporting revised price estimates and commissioning schedules for a lot of tasks, which suggests that point/price overrun figures are under-reported, it added.
