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Based on the Ministry of Statistics and Programme Implementation, which displays infrastructure tasks of Rs 150 crore and above, out of 1,514 tasks, 384 reported value overruns and as many as 713 tasks have been delayed.
“Complete unique value of implementation of the 1,514 tasks was Rs 21,21,471.79 crore and their anticipated completion value is more likely to be Rs 25,87,946.13 crore, which displays total value overruns of Rs 4,66,474.34 crore (21.99 per cent of unique value),” the ministry’s newest report for June 2022 stated.
Based on the report, the expenditure incurred on these tasks until June 2022 is Rs 13,30,885.21 crore, which is 51.43 per cent of the anticipated value of the tasks.
Nonetheless, the variety of delayed tasks decreases to 552, if the delay is calculated on the premise of the most recent schedule of completion.
Additional, it confirmed that for 523 tasks neither the yr of commissioning nor the tentative gestation interval has been reported.
Out of the 713 delayed tasks, 123 have total delays within the vary of 1-12 months, 122 have been delayed for 13-24 months, 339 tasks for 25-60 months and 129 tasks have been delayed for 61 months and above.
The common time overrun in these 713 delayed tasks is 42.13 months.
Causes for time overruns as reported by numerous undertaking implementing companies embody delay in land acquisition, delay in acquiring forest and setting clearances, and lack of infrastructure assist and linkages.
Delay in tie-up for undertaking financing, finalisation of detailed engineering, change in scope, tendering, ordering and gear provide, and regulation and order issues are among the many different causes.
The report additionally cited state-wise lockdowns because of COVID-19 as a purpose for the delay in implementation of those tasks.
It has additionally been noticed that undertaking companies 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.
