[ad_1]
Many infrastructure tasks have been affected by price overruns, a report claimed. In keeping with the Ministry of Statistics and Programme Implementation’s newest report for July 2023, about 388 infrastructure tasks have been affected by price overruns value greater than Rs 4.65 lakh crore in July.
The infrastructure tasks every embody funding value Rs 150 crore or extra, reported PTI. Based mostly on the ministry’s information, out of the whole 1,646 tasks, 388 reported price overruns and about 809 tasks confronted delays.
The info additional revealed that whereas the whole unique price of implementing the 1,646 tasks stood at Rs 23,92,837.89 crore, the anticipated completion price is more likely to be round Rs 28,58,394.39 crore because of the total price overruns value Rs 4,65,556.50 crore. The price overruns comprise virtually 20 per cent of the unique price.
The report additional added that bills incurred on these tasks stood at Rs 15,21,550.38 crore as of July 2023, virtually 53 per cent of the anticipated undertaking prices. Notably, the report acknowledged that the delayed tasks tally reduces to 602 if the delay is measured on the idea of the most recent completion schedule.
The info famous that 345 tasks didn’t file the yr of commissioning or the tentative gestation interval for them in any respect. Of the whole 809 delayed tasks, 177 reported delays within the vary of 1-12 months, 192 reported delays starting from 13-24 months, 318 recorded delays for 25-60 months and 122 tasks have been delayed by greater than 60 months. The report famous that the common time overrun within the delayed tasks got here as much as be 37.44 months.
The report additional listed a number of causes for the delays. These embody delays in land acquisition, delays in getting forest and surroundings clearances, delays in tie-up for undertaking financing, lack of infrastructure assist and linkages, delays in finalisng detailed engineering, ordering and gear provide, and lots of different elements.
Additionally Learn : ‘Mera Invoice Mera Adhikar’ GST Reward Scheme To Launch Quickly, Customers Will Be Awarded By Fortunate Attracts
The ministry’s report additionally included the influence of the pandemic on the tasks. It acknowledged that state-wise lockdowns because of the pandemic in 2020 and 2021 added to the delays. Additional, the report famous that undertaking overseeing businesses will not be reporting totally the modified price estimates and commissioning schedules for tasks, indicating that the time and price overrun information is under-reported.
[ad_2]
Source link
