'Over 302 infra projects worth Rs 1.5 bn delayed; cost overrun at 1.4 trn'

Govt told the House that a standing committee in each ministry has been set up for fixation of responsibility for time and cost over-runs

Image
Press Trust of India New Delhi
Last Updated : Feb 07 2018 | 7:10 PM IST
As many as 302 infrastructure projects worth Rs 1.5 billion and above are delayed with a total cost overrun of Rs 1.45 trillion as on November 1, 2017, Parliament was informed on Wednesday.

"As on November 1, 2017, a total of 1,283 projects (worth Rs 1.5 billion and above) are being monitored by this ministry. Of these, 302 are running behind their schedule. The cost over-run of these 302 delay projects is Rs 1.4 trillion," Minister of State for Statistics and Programme Implementation Vijay Goel said in a written reply to the Lok Sabha.

The government in the Ministry of Statistics and Programme Implementation monitors on-going central sector infrastructure projects costing Rs 1.5 billion and above on time and cost over-runs on the basis of information provided by the project implementing agencies.

The minister told the House that a standing committee in each ministry has been set up for fixation of responsibility for time and cost over-runs.

However, he said it has been observed that due to environmental clearances, statutory clearances, land acquisition, fund constrains, security clearances etc, fixing of responsibility on any officers becomes difficult.

The major steps undertaken to ensure completion of central sector infrastructure projects without the time and cost over-runs include: rigorous project appraisal, OCMS for better monitoring and setting up of revised cost committees in the ministries for fixation of responsibility for time and cost over-runs.

Among other measures are: regular review of infrastructure projects by the concerned administrative ministries, and setting up of Central Sector Projects Coordination Committees (CSPCCs) in the states under the chief secretaries.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 07 2018 | 7:10 PM IST

Next Story