New Delhi:The ministry of statistics and programme implementation, which monitors infrastructure projects worth Rs 150 crore and above, says that as many as 349 infrastructure projects have shown cost overruns to the tune of Rs 2 lakh crore owing to delays and other reasons.
The ministry in its latest flash report for October 2017 has said, “Total original cost of implementation of the 1,283 projects was Rs 15,58,352.33 crore and their anticipated completion cost is likely to be Rs 17,59,443.87 crore, which reflects overall cost overruns of Rs 2,01,091.54 crore (12.90% of original cost).”
According to the report the time overrun is due to various problems such as delay in land acquisition, forest clearance, supply of equipment, funds constraints, Maoist incursion, legal cases and law and order situation.
Of these 1,283 projects in question, 349 reported cost overruns and 302 time escalation, the report said adding, ” The expenditure incurred on these projects till October 2017 was Rs 6,59,009.46 crore, which is 37.46 per cent of the anticipated cost.”
“Out of total 1,283 projects, 12 projects have reported completion and 34 new projects have been initiated on the monitor of this ministry during the current month. Of these, 13 projects are ahead of schedule, 317 are on schedule, 302 are delayed, 349 projects are showing cost overruns and 105 projects are showing both time and cost overruns with respect to original implementation schedules,” the report said.
However, it stated that the number of delayed projects decreases to 258 if the delay is calculated with reference to latest revised schedules of completion.
For 651 projects, where original/anticipated commissioning date has not been reported, all concerned have been requested to provide the original/anticipated commissioning date so that these projects can be monitored for completion vis-a-vis targeted dates, it said.
It noted that out of 302 delayed projects, 49 projects have overall delay in the range of 1 to 12 months, 66 projects (13 to 24 months), 108 projects (25 to 60 months) and 79 projects (61 months and above).