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Road transport and highways sector has highest number of 248 delayed projects, reveals govt report

New Delhi: The road transport and roads sector has the most delayed projects (248), followed by railways (116), and petroleum (88). According to the most recent flash report on infrastructure projects for August 2022, out of the 831 monitored projects in the road transport and highways sector, 248 are behind schedule in comparison to their […]

Edited By : Vikas Kumar | Updated: Oct 14, 2022 13:31 IST
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New Delhi: The road transport and roads sector has the most delayed projects (248), followed by railways (116), and petroleum (88). According to the most recent flash report on infrastructure projects for August 2022, out of the 831 monitored projects in the road transport and highways sector, 248 are behind schedule in comparison to their intended timeline, according to a government assessment.

Similar to this, 116 of the 173 monitored railway projects are behind schedule, and 88 of the 139 petroleum projects are as well.
Based on the data submitted on the Online Computerized Monitoring System (OCMS) by the project implementing agencies, the Infrastructure and Project Monitoring Division (IPMD) is tasked with monitoring central sector infrastructure projects worth Rs 150 crore and above. The Ministry of Statistics and Programme Implementation oversees the IPMD.

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The train project between Muneerabad and Mahaboobnagar was identified as the most delayed project. It is 276 months behind schedule. The Belapur-Seawood-Urban Electrified Double Line is the second-most delayed project and is behind schedule by 228 months. The train project between Kotipalli and Narasapur is the third-most-delayed project with a 216-month delay.

According to the report, the overall cost of implementing the 831 projects was originally estimated to be Rs 4,92,741.89 crore when they were approved, but this was later revised to Rs 5,40,815.51 crore, resulting in a cost overrun of 9.8%.

Up until August 2022, these projects cost a total of Rs 3,21,001 crore, or 59.4% of the estimated cost.

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Regarding railways, it was said that the total estimated cost of implementing 173 projects was originally set at Rs 3,72,761.45 crore but later increased to Rs 6,19,569.99 crore, resulting in a cost overrun of 66.2 percent.

Till August 2022, Rs 3,43,528.75 crore, or 55.4% of the estimated cost, had been spent on these projects. The overall cost of 139 projects in the petroleum industry was initially estimated at Rs 3,66,013.55 crore, but this was later revised to Rs 3,86,263.94 crore, representing a cost overrun of 5.5%.

Up till August 2022, Rs 1,36,450.2 crore—or 35.3% of the estimated cost—had been spent on these projects.

Read More :- Latest Business News

First published on: Oct 09, 2022 08:51 PM IST

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