Home Business 438 Infrastructure Projects Face Cost Overruns Worth Rs 4.34 Lakh Crores

438 Infrastructure Projects Face Cost Overruns Worth Rs 4.34 Lakh Crores

NDTV News

A whole bunch of infrastructure tasks have been affected by value overruns

A complete of 438 tasks within the infrastructure sector, price greater than Rs 150 crore have been affected by value overruns totalling Rs 4.34 lakh crores.

Based on a report on infrastructure tasks monitoring, launched by the ministry of statistics and programme implementation (MOSPI) for the month of October 2021, out of the 1,680 such tasks, 438 confronted value overruns whereas 539 have been delayed.

The report pointed that the primary causes behind the delay in tasks ranged from state-wise lockdowns as a consequence of Coronavirus pandemic, delay land acquisition and acquiring forest and setting clearances.

“Whole authentic value of implementation of the 1,680 tasks was Rs 21,74,182.86 crore and their anticipated completion value is more likely to be Rs 26,08,330.02 crore, which displays general value overruns of Rs 4,34,147.16 crore (19.97 per cent of authentic value),” the report mentioned.

It additional famous that the expenditure on these tasks incurred until October 2021 was Rs 12,64,545.31 crore. This, the report mentioned, was 48 per cent of the anticipated value of the tasks.

Other than delay in tasks’ completion, one other fascinating truth which the report introduced out was that for 837 tasks, neither the yr of commissioning nor the tentative gestation interval has been reported.

Out of the 539 delayed tasks, 98 have general delay within the vary of 1-12 months, 109 have been delayed for 13-24 months, 211 for 25-60 months and 121 tasks have delays of 61 months and above.

The common time overrun in these 539 delayed tasks is 47.16 months.

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