one and a half in the country 443 infrastructure projects with investment of more than Rs 100 crore (Infrastructure projects) The cost has increased by Rs 4.92 lakh crore in the month of February. This has been said in the official report. According to the Ministry of Statistics and Program Implementation, out of 1,902 projects, 443 reported cost overruns and 764 projects were delayed. The ministry oversees infrastructure projects worth Rs 150 crore and above.
Big savings due to timely completion
“The total original cost of implementation of 1,902 projects was Rs 27,08,030.44 crore,” according to the ministry’s February 2024 report. The estimated cost of completing these projects is likely to be Rs 32,00,507.55 crore. This translates to an increase of Rs 4,92,477.11 crore (18.19 per cent of the original cost) in the total cost. According to the report, till February 2024, the expenditure on these projects was Rs 16,76,739 crore, which is 52.39 percent of the estimated cost of the projects. If we look at the latest schedule of implementation of projects, the number of projects which have been delayed has come down to 568.
Due to this delay in completion of the project
Apart from this, neither the year of commencement nor the time taken for their completion has been given for 389 projects. Of the 764 projects that have been delayed, 188 have a delay of one to 12 months. Whereas in case of 185 projects the delay was 13 to 24 months, in case of 275 projects the delay was 25 to 60 months and in case of 116 projects the delay was more than 60 months. According to the report, among the 764 delayed projects, the average delay is 36.27 months. The projects have been delayed due to delays in land acquisition, forest and environment clearance, among other reasons.
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