Page 2 - Infra Projects

B'desh PM Hasina inaugurates largest infra project built with Chinese loan

Bangladesh Prime Minister Sheikh Hasina on Tuesday inaugurated the 82-km Padma Bridge Rail Link, the country's largest infrastructure project built under China's Belt and Road Initiative. Hasina unveiled the Dhaka-Bhanga section of the rail route between Dhaka and Jashore through the Padma Bridge from Mawa Railway Station in Munshiganj. The remaining portion of the project linking Jessore is expected to be launched in June of next year, the Dhaka Tribune reported, quoting project officials. Chinese Ambassador to Bangladesh Yao Wen, who attended the inaugural ceremony, said the Padma Bridge Rail Link is a landmark project under the Belt and Road Initiative (BRI), and also the largest infrastructure project in Bangladesh using Chinese preferential loans. As one of the most important infrastructure projects in Bangladesh, it is estimated to directly benefit 80 million people and boost economic growth by 1.5 per cent, he claimed. The project is estimated to cost Tk 39,246.80 crore, wi

PM Gati Shakti: 6 infra projects worth Rs 52K cr recommended for approval

As many as six infrastructure projects of roads and railways worth Rs 52,000 crore have been recommended for approval under the PM Gati Shakti initiative, an official statement said on Thursday. This takes the total number of projects assessed by NPG to 112 with a total value of about Rs 11.53 lakh crore, since the launch of PM Gati Shakti, it said. These six projects were assessed in the 56th Network Planning Group (NPG) meeting on September 27. The "Group meeting under PM Gati Shakti six project proposals, including four projects of Ministry of Road Transport and Highways and two projects of Ministry of Railways with the total project cost of about Rs 52,000 crore were assessed," the commerce and industry ministry said. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts, and comprehensive development in and around the project location. The initiative was launched to develop an integrated infrastructur

As many as 388 infra projects show cost overruns of Rs 4.65 trn in July

As many as 388 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.65 lakh crore in July 2023, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,646 projects, 388 reported cost overruns and as many as 809 projects were delayed. "Total original cost of implementation of the 1,646 projects was Rs 23,92,837.89 crore and their anticipated completion cost is likely to be Rs 28,58,394.39 crore, which reflects overall cost overruns of Rs 4,65,556.50 crore (19.46 per cent of original cost)," the ministry's latest report for July 2023 said. According to the report, the expenditure incurred on these projects till July 2023 was Rs 15,21,550.38 crore, which was 53.23 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreases to 602 if delay is

Have sent project reports for proposals worth Rs 930 cr to Centre: Goa CM

The Goa government has sent detailed project reports for proposals worth Rs 930 crore to the Centre for funding, Chief Minister Pramod Sawant said. Talking to reporters after chairing a review meeting, Sawant on Tuesday said that Goa's financial situation was good amid various reforms. He said that Goa has submitted to the Centre detailed project reports for various proposals worth Rs 930 crore to be undertaken in the state. The CM said that the state has already submitted 90 per cent of the utilisation certificates for the projects that were approved in the past by the Centre. There are no bills pending (of any contractor by the state government). The State government is also reviewing the loans taken from the agencies like NABARD and SIDBI, he said.

Pradhan reviews progress of infra projects of 43 Education Institutions

Union Education Minister Dharmendra Pradhan on Friday chaired a high-level meeting to review the progress of ongoing infrastructure projects of 43 Higher Education Institutions (HEIs) including IITs, IIMs, IIITs, IISERs and central universities, officials said on Friday. "Ongoing projects of institutions under School Education such as Kendriya Vidyalayas, Jawahar Navodya Vidyalayas, across the country were also reviewed. During the meeting, Pradhan directed the HEIs to speed up and complete the infrastructure projects by the end of the year," a senior Ministry of Education official said. The completion of new projects comprises new academic blocks, labs, hostels and facilities for vocational activities for students of various IITs, IIITs, IIMs, IISERs and central universities.

76 big infra projects worth Rs 5.14 trn evaluated under PM Gati Shakti

As many as 76 key infrastructure projects worth about Rs 5.14 lakh crore of different ministries have been evaluated under the PM Gati Shakti initiative in the last one year, a senior official said on Monday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM Gati Shakti initiative launched in October 2021. Special secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said that the usage of the PM Gati Shakti - National Master Plan has increased by the central ministers and states also. On October 13, 2021, the plan was launched with the aim to develop an integrated infrastructure to reduce logistic costs. All logistics and connectivity infrastructure projects, entailing investments of over Rs 500 crore, are routed through NPG. These projects include Gurdaspur-Jammu-Srinagar natural gas pipeline worth Rs 6,931 crore; the Chennai-Trichy-Tuticorin Exp project worth Rs 30,502 crore, and Indo-Nepal .

346 infra projects show cost overruns of Rs 4.46 trillion, says report

As many as 346 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.46 lakh crore, as per an official report. According to Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,418 projects, 346 reported cost overruns and as many as 823 projects were delayed. " Total original cost of implementation of the 1,418 projects was Rs 20,38,026.75 crore and their anticipated completion cost is likely to be Rs 24,84,846.99 crore, which reflects overall cost overruns of Rs 4,46,820.24 crore (21.92 per cent of original cost)," the ministry's latest report for February 2023 said. According to the report, the expenditure incurred on these projects till February 2023 is Rs 13,62,707.98 crore, which is 54.84 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 643 if delay is calculated on the basi

PM GatiShakti recommends 66 big-ticket projects worth Rs 5 trillion

PM GatiShakti to help in planning social infrastructure: Piyush Goyal

PM reviews 9 infra projects worth over Rs 41,500 cr spread across 13 states

Prime Minister Narendra Modi on Wednesday reviewed nine key infrastructure projects spread across 13 states having a cumulative cost of more than Rs 41,500 crore. Modi reviewed the projects while chairing the meeting of 41st edition of PRAGATI, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving the Centre and state governments. In the meeting, nine key infrastructure projects were reviewed -- three projects were from the Ministry of Road Transport and Highways, two from the Ministry of Railways and one project each was from Ministry of Power, Ministry of Coal, Ministry of Petroleum and Natural Gas, and Ministry of Health and Family Welfare, a statement issued by the Prime Minister's Office said. These nine projects have a cumulative cost of over Rs 41,500 crore and relate to 13 states -- Chhattisgarh, Punjab, Bihar, Madhya Pradesh, Uttar Pradesh, Jharkhand, Kerala, Karnataka, Tamil Nadu, Assam, Gujarat, Maharashtra and Arunachal ...

Budget should make infra projects investor friendly: IIFCL MD PR Jaishankar

In an interview with Nikesh Singh, IIFCL managing director PR Jaishankar talks about the way ahead for the key infra financier

L&T, CPPIB divest stake in L&T Infra Projs to Edelweiss SPV for Rs 2,723 cr

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

The new kid on the infrastructure financing block

NaBFID can support infrastructure projects in three ways: by giving loans, subscribing to bonds and picking up equity stakes

235 critical road infrastructure projects shortlisted under GatiShakti

These would be for immediate execution and be overseen by MoRTH

PM GatiShakti: Over 250 infra projects examined by NPG since Oct 2021

Over 250 critical infrastructure projects of different ministries including rail, road and ports have been examined and recommended by the Network Planning Group (NPG), constituted under the PM GatiShakti initiative, since last October, a commerce and industry ministry official said. On October 13, Prime Minister Narendra Modi launched the GatiShakti - National Master Plan aimed at developing integrated infrastructure to reduce logistic costs. All logistics and connectivity infrastructure projects, entailing investment of over Rs 500 crore, are routed through the NPG, constituted under the PM GatiShakti initiative. "Over 250 infrastructure projects have been examined in the last one year by using the National Master Plan and the PM GatiShakti institutional structure. These projects include many connectivity linkages of rail, port, road, and last mile infrastructure projects for sectors such as agriculture, food, steel, and coal," the official said. Use of the National Master Plan .

Welcome write-off: Acknowledging failure of 116 projects is the first step

It is true that the government should not throw good money after bad, but failed projects should at least be used as lessons to improve the implementation of future infrastructure projects

Centre may axe 116 infra projects worth Rs 1.26 trn lagging for decades

Land issues, Centre-State tussles caused delay, roads and railways have the highest share

NITI wants infra projects lagging for decades completed by FY23-end

Shortlists 494 projects, including 279 roads and highways worth Rs 1.92 trillion, petroleum projects worth Rs 1.11 trillion, almost a trillion rupees worth of railway projects

Protests, appeals: Why India's fishing communities are up in arms

Catch depleting as coastal infrastructure expands but there is no government, they say

393 infra projects show cost overruns of Rs 4.65 trillion, says report

As many as 393 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.65 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,526 projects, 393 reported cost overruns and as many as 647 projects were delayed. "Total original cost of implementation of the 1526 projects was Rs 21,26,460.93 crore and their anticipated completion cost is likely to be Rs 25,91,823.45 crore, which reflects overall cost overruns of Rs 4,65,362.52crore (21.88% of original cost)," the ministry's latest report for August 2022 said. According to the report, the expenditure incurred on these projects till August 2022 was Rs 13,60,645.94 crore, or 52.49 percent of the anticipated cost of the projects However, the number of delayed projects decreases to 500 if delay is calculated on the basis of latest schedule of ...

A tale of many megacities as climate extremes expose infra planning gaps

Experts say twin challenge of infra redevelopment and climate adaptation are both out of the ambit of sparsely financed municipal corporations