Team Blitz India
NEW DELHI: The road transport and highways sector has the maximum number of delayed projects at 402, followed by railways at 115 and the petroleum industry at 86, shows the latest flash report on infrastructure projects for March 2023.
The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies.
The IPMD comes under the Ministry of Statistics and Programme Implementation. The report shows that the Muneerabad-Mahaboobnagar rail project is the most delayed – by 276 months.
The second-most delayed project is the Udhampur-Srinagar-Baramulla rail project, by 247 months. The third-most delayed project, Belapur-Seawood-Urban Electrified Double Line, is running 228 months behind schedule.
The Flash Report for March 2023 contains information on the status of the 1,449 central sector infrastructure projects costing 150 crore and above. As many as 821 projects are delayed, 354 reported cost overrun and 247 projects reported both time and cost overrun with respect to their original project implementation schedules.
A total of 821 projects are delayed with respect to their original schedules and 165 projects have reported additional delays vis-a-vis their date of completion reported in the previous month. Of these 165 projects, 52 are mega projects costing ₹1,000 crore and above.
About the road transport and highways sector, the report states that the original cost of implementation of 749 projects was ₹4,32,893.85 crore, but this was subsequently anticipated to cost ₹4,51,168.46 crore.
