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Thursday, July 25, 2024

Road transport, highways sector has maximum number of delayed projects

The latest flash report on infrastructure projects for March 2023 reveals that, in the road transport and highways sector, 402 out of 749 projects are running behind schedule. Similarly, out of 173 railway projects, 115 are delayed, and in the petroleum sector, 86 out of 145 projects are also facing delays.

According to a government report, the highest number of delayed projects is in the road transport and highways sector, with 402 projects affected. The railways sector follows with 115 delayed projects, and the petroleum industry has 86 projects running behind schedule.

In the road transport and highways sector, 402 out of 749 projects are delayed. For railways, out of 173 projects, 115 are delayed, while in the petroleum sector, 86 out of 145 projects are running behind schedule, as per the latest flash report on infrastructure projects for March 2023.

The Infrastructure and Project Monitoring Division (IPMD) is responsible for monitoring central sector infrastructure projects that cost Rs 150 crore or more. This is done through the information provided by project implementing agencies on the Online Computerised Monitoring System (OCMS).

Under the Ministry of Statistics and Programme Implementation, the IPMD is responsible for monitoring infrastructure projects. The report highlights that the Muneerabad-Mahaboobnagar rail project is the most delayed, with a delay of 276 months.

The second-most delayed project is the Udhampur-Srinagar-Baramulla rail project, which is delayed by 247 months.

The third-most delayed project, Belapur-Seawood-Urban Electrified Double Line, is running 228 months behind schedule.

The Flash Report for March 2023 contains information on the status of the 1,449 central sector infrastructure projects costing 150 crore and above.

As many as 821 projects are delayed, 354 reported cost overrun and 247 projects reported both time and cost overrun with respect to their original project implementation schedules.

A total of 821 projects are delayed with respect to their original schedules and 165 projects have reported additional delays vis-a-vis their date of completion reported in the previous month. Of these 165 projects, 52 are mega projects costing Rs 1,000 crore and above.

About the road transport and highways sector, report stated that the total original cost of implementation of 749 projects, when sanctioned, was of the order of Rs 4,32,893.85 crore, but this was subsequently anticipated to cost Rs 45,11,68.46 crore, implying a cost overrun of 4.2 per cent.

The expenditure incurred on these projects till March, 2023 was Rs 2,31,620.94 crore, which was 51.3 per cent of the anticipated cost of the projects.

Similarly in railways, total original cost of implementation of 173 projects, when sanctioned, was of the order of Rs 3,72,761.45 crore, but this was subsequently anticipated to Rs 6,27,160.59 crore, implying a cost overrun of 68.2 per cent.

The expenditure incurred on these projects till March, 2023 was Rs 3,84,947.64 crore, which was 61.4 per cent of the anticipated cost of the projects About the petroleum sector, it said, total original cost of implementation of 145 projects, when sanctioned, was of the order of Rs 3,63,608.84 crore, but this was subsequently anticipated to Rs 3,84,082.25 crore, implying a cost overrun of 5.6 per cent.

The expenditure incurred on these projects till March, 2023 stood at Rs 1,52,566.01 crore, which was 39.7 per cent of the anticipated cost of the projects.

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