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.
Prime Minister Narendra Modi is known for monitoring key development projects himself. For this, PM Modi launched an ambitious multi-purpose and multi-modal platform - “Pro-Active Governance and Timely Implementation” (PRAGATI) on 25th March 2015. It is said to be a robust system for bringing e-transparency and e-accountability with real-time presence and exchange among the key stakeholders carrying out development projects.
As per the government, PRAGATI
proved effective in addressing and resolving issues by bringing down the
inter-departmental communication gap and thus minimizing the time taken for the
implementation of projects and schemes. However, the latest data by the
Ministry of Statistics and Programme Implementation paints a grim picture of
ongoing development projects.
The ministry's
report reveals that a total of 388 infrastructure projects, each with an
investment of Rs 150 crore or higher, have encountered cost overruns exceeding
Rs 4.65 lakh crore as of July 2023. Among a total of 1,646 projects, 388
projects have experienced cost overruns, and 809 projects are facing delays.
"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 stated.
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, reported PTI.
However, the silver
lining in the report was that the number of delayed projects decreases to 602
if the delay is calculated based on the latest schedule of completion. Further,
it stated that for 345 projects neither the year of commissioning nor the
tentative gestation period has been reported. Out of the 809 delayed projects,
177 have overall delays in the range of 1-12 months, 192 have been delayed for
13-24 months, 318 projects for 25-60 months and 122 projects have been delayed
for more than 60 months.
Various
project implementing agencies have cited several reasons for time overruns.
These include delays in land acquisition, obtaining forest and environment
clearances, and inadequate infrastructure support and connections. Other
factors contributing to delays include delayed project financing arrangements,
finalization of detailed engineering, alterations in project scope, issues
related to tendering, ordering, and equipment supply, as well as challenges
stemming from law-and-order situations.
It may be recalled that Prime Minister Narendra Modi takes
PRAGATI review meeting from time to time and the last meeting was held on June
28. During the meeting, PM Modi reviewed projects costing more than Rs 1.21
lakh crore. During PRAGATI meetings, 340 projects having a total cost of Rs
17.05 lakh crore have been reviewed till now.
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Credit: ZEE NEWS
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