NEWS

Road transport, highways has maximum number of delayed projects at 407, followed by Indian Railways at 114: Govt report

According to a government report, the road transport and highways sector has witnessed the maximum number of delayed projects at 407, followed by railways

Road transport and highways

Read More:-Govt Specifies Retail Sale Price Based GST Cess Rate For Pan Masala, Tobacco

As far as the road transport and highways sector is concerned, 407 out of 717 projects are hanging fire, reported PTI. As per the report, the total original cost of implementation of 717 projects of the road transport and highways sector was Rs 3,97,255.47 crore during the sanction, but it is now estimated to be Rs 4,14,400.44 crore, implying a cost overrun of 4.3 per cent.

ill February 2023, the expenditure on these projects incurred is Rs 2,33,007.06 crore, which is 56.2 per cent of the anticipated cost of the projects.

Read More:-PM Modi Launches International Big Cats Alliance To Mark 50 Years Of Project Tiger | All You Need To Know

Projects delayed in railways 

In the railways sector, out of 173 projects, 114 are delayed, according to the latest flash report on infrastructure projects for February 2023

The report revealed that the Muneerabad-Mahaboobnagar rail project was the most delayed, which was hanged fire by 276 months. The Udhampur-Srinagar-Baramulla rail project is reported to be the second most delayed project, which is delayed by 247 months. 

Read More:-Income Tax: What happens if employee fails to pick between new and old tax regime? CBDT notification instructs employers how to deduct tax in such cases

Belapur-Seawood-Urban Electrified Double Line is reported to be the third-most delayed project that is running 228 months behind schedule.

For railways, the total original cost of implementation of 173 projects was pegged at Rs 37,2761.45 crore when it was sanctioned. But now this is anticipated to be Rs 6,26,632.52 crore, implying a cost overrun of 68.1 per cent.

Read More:-Personal Loan vs Loan Against Securities: Which is a better option for you?

Till February 2023, the expenditure on these projects incurred Rs 3,79,380.95 crore, which is 60.5 per cent of the anticipated cost of the projects.

The Infrastructure and Project Monitoring Division (IPMD) monitors central sector infrastructure projects costing Rs 150 crore and above based on the information shared on the Online Computerised Monitoring System (OCMS) by the project implementing agencies.

Read More:-Axis AMC appoints B Gopkumar as CEO & MD, replaces Chandresh Nigam

The IPMD comes under the jurisdiction of the Ministry of Statistics and Programme Implementation

Source :
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top