infrastructure tasks: Price overruns of Rs 4.83 lakh crore impression 425 infra tasks

As many as 425 infrastructure tasks, every entailing an funding of Rs 150 crore or extra, have been hit by value overruns of greater than Rs 4.83 lakh crore, in keeping with a report.

In response to the Ministry of Statistics and Programme Implementation, which screens infrastructure tasks of Rs 150 crore and above, out of 1,579 tasks, 425 tasks reported value overruns and as many as 664 tasks had been delayed.

“Whole unique value of implementation of the 1,579 tasks was Rs 21,95,196.72 crore and their anticipated completion value is more likely to be Rs 26,78,365.62 crore, which displays total value overruns of Rs 4,83,168.90 crore (22.01 per cent of the unique value),” the ministry’s newest report for March 2022 mentioned.

In response to the report, the expenditure incurred on these tasks until March 2022 stood at Rs 13,88,760.73 crore, which is 51.85 per cent of the anticipated value of the tasks.

Nonetheless, the variety of delayed tasks decreased to 561, if delay is calculated on the premise of the most recent schedule of completion.

« Again to advice tales

Additional, for 606 tasks neither the yr of commissioning nor the tentative gestation interval has been reported.

Out of the 664 delayed tasks, 94 have total delays within the vary of 1-12 months, 124 have been delayed for 13-24 months, 331 tasks for 25-60 months and 115 tasks have been delayed for 61 months and above.

The typical time overrun in these 664 delayed tasks was 42.41 months.

Causes for time overruns as reported by varied venture 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 venture financing, delay in finalisation of detailed engineering, change in scope, delay in tendering, ordering and tools provide, and legislation 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 venture companies should not reporting revised value estimates and commissioning schedules for a lot of tasks, which suggests that point/value overrun figures are under-reported, it acknowledged.
We will be happy to hear your thoughts

Leave a reply

Enable registration in settings - general
Compare items
  • Total (0)
Shopping cart