infrastructure tasks: 421 Infra tasks hit by value overrun of Rs 4.40 lakh crore in Nov

In accordance with ministry of statistics and programme implementation (MoSPI), which screens infrastructure tasks price ₹150 crore and above, out of 1,831 tasks, 421 reported value overrun and 845 tasks had been delayed.

“Whole authentic value of implementation of the 1,831 tasks was ₹25,10,577.59 crore and their anticipated completion value was ₹29,50,997.33 crore, which displays general value overruns of ₹4,40,419.74 crore (17.54 % of authentic value),” the ministry’s newest report for November 2023 mentioned.

In accordance with the report, the expenditure incurred on these tasks until November 2023 was ₹15,58,038.07 crore, which is 52% of the anticipated value of the tasks. Nevertheless, it said that the variety of delayed tasks decreases to 629 if the delay is calculated on the idea of newest schedule of completion.

Additional, it mentioned that for 308 tasks neither the yr of commissioning nor the tentative gestation interval had been reported.

Out of the 845 delayed tasks, 204 have general delays within the vary of 1-12 months, 198 have been delayed for 13-24 months, 322 tasks for 25-60 months, and 121 tasks have been delayed for greater than 60 months.The typical time overrun in these 845 delayed tasks is 36.64 months.Causes for time overrun, as reported by varied venture implementing companies, embody delay in land acquisition, in acquiring forest and atmosphere clearances and lack of infrastructure help and linkages.

Delays in tie-up for venture financing, finalisation of detailed engineering, change in scope, tendering, ordering and gear provide, and legislation and order issues had been among the many different causes.

The report additionally cited state-wise lockdowns as a consequence of Covid-19 (imposed in 2020 and 2021) as a cause for the delay in implementation of those tasks.

It has additionally been noticed that venture executing companies will not be reporting revised value estimates and commissioning schedules for a lot of tasks, which suggests that point/value overrun figures are under-reported, it added.