The highway transport and highways sector has the utmost variety of delayed initiatives at 428, adopted by railways at 117 and the petroleum business at 88, confirmed a authorities report.
In the highway transport and highways sector, 428 out of 724 initiatives are delayed. In railways, out of 173 initiatives, 117 are delayed, whereas within the petroleum sector, 88 out of 158 initiatives are working delayed, as per the most recent flash report on infrastructure initiatives for December 2022.
The Infrastructure and Project Monitoring Division (IPMD) is remitted to watch central sector infrastructure initiatives costing ₹150 crore and above based mostly on the knowledge offered on the Online Computerised Monitoring System (OCMS) by the venture implementing businesses.
The IPMD comes beneath the Ministry of Statistics and Programme Implementation.
The report confirmed that the Muneerabad-Mahaboobnagar rail venture is probably the most delayed venture. It is delayed by 276 months.
The second-most delayed venture is the Udhampur-Srinagar-Baramulla rail venture, which is delayed by 247 months.
The third-most delayed venture, Belapur-Seawood-Urban Electrified Double Line, is working 228 months delayed.
The flash report for December 2022 accommodates data on the standing of the 1,438 central sector infrastructure initiatives costing ₹150 crore and above.
As many as 835 initiatives are delayed with respect to their authentic schedules and 174 initiatives have reported extra delays vis-a-vis their date of completion reported within the earlier month. Of these 174 initiatives, 47 are mega initiatives costing ₹1,000 crore and above.
About the highway transport and highways sector, the report said that the entire authentic price of implementation of 724 initiatives when sanctioned was ₹3,82,180.34 crore however this was subsequently anticipated at ₹4,02,958.36 crore, implying a value overrun of 5.4%.
The expenditure incurred on these initiatives until December 2022 was ₹2,35,925.26 crore, which is 58.5% of the anticipated price.
Similarly, in railways, the entire authentic price of implementation of 173 initiatives when sanctioned was ₹3,72,761.45 crore, which was subsequently revised to ₹6,25,491.15 crore – a value overrun of 67.8 per cent.
The expenditure incurred on these initiatives until December 2022 was ₹3,65,079.88 crore, or 58.4% of the anticipated price of the initiatives.
About the petroleum sector, it mentioned the entire authentic price of implementation of 158 initiatives when sanctioned stood at ₹3,82,097.19 crore however this was subsequently elevated to ₹4,02,446.01 crore, implying a value overrun of 5.3%.
The expenditure incurred on these initiatives until December 2022 was ₹1,54,240.87 crore, or 38.3% of their anticipated price.
Source: www.thehindu.com