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“Complete unique price of implementation of the 1,820 tasks was Rs 25,87,066.08 crore and their anticipated completion price is prone to be Rs 30,69,595.88 crore, which displays total price overruns of Rs 4,82,529.80 crore (18.65 per cent of unique price),” the ministry’s newest report for December 2023 mentioned.
Based on the report, the expenditure incurred on these tasks until December 2023 is Rs 16,26,813.80 crore, which is 53 per cent of the anticipated price of the tasks.
Nevertheless, it said that the variety of delayed tasks decreased to 638, if delay is calculated on the idea of the most recent schedule of completion.
Additional, it mentioned that for 298 tasks neither the 12 months of commissioning nor the tentative gestation interval has been reported.
Out of the 848 delayed tasks, 202 have total delays within the vary of 1-12 months, 200 have been delayed for 13-24 months, 323 tasks for 25-60 months, and 123 tasks have been delayed for greater than 60 months. The common time overrun in these 848 delayed tasks stood at 36.59 months. Causes for time overrun, as reported by varied challenge implementing businesses, embrace delay in land acquisition, in acquiring forest and surroundings clearances, and lack of infrastructure assist and linkages.
Delays in tie-up for challenge financing, finalisation of detailed engineering, change in scope, tendering, ordering and gear provide, and regulation and order issues have been among the many different causes.
The report additionally cited state-wise lockdowns as a result of COVID-19 (imposed in 2020 and 2021) as a motive for the delay in implementation of those tasks.
It has additionally been noticed that challenge executing businesses are usually 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.
