The railroads (115), the petroleum sector (86), and the road transportation and highways sector have the most delayed projects, collectively accounting for 402 of them.
Out of 749 projects, 402 in the road transport and highways sector are not running on time , it’s all going behind schedule. According to the most recent flash report on infrastructure projects for March, 86 out of 145 projects in the petroleum industry and 115 out of 173 projects for railways are both behind schedule.
Based on the data that the Online Computerised Monitoring System (OCMS) has received from the project implementation agencies. The duty of overseeing central sector infrastructure projects valued at Rs 150 crore or more falls under the purview of the Infrastructure and Project Monitoring Division (IPMD).
The IPMD is supervised by the Ministry of Statistics and Programme Implementation. The report claims that the train project between Muneerabad and Mahaboobnagar is the one that has been delayed the most. A 276-month delay has occurred.
The railroads (115), the petroleum sector (86), and the road transportation and highways sector have the most delayed projects, collectively accounting for 402 of them.
The second-most delayed project is the Udhampur-Srinagar-Baramulla rail line, which has been retard by almost 247 months. The Belapur-Seawood-Urban Electrified Double Line is currently 228 months behind the correct timeline, making it the third-longest delayed project.
The status of the 1,449 central sector infrastructure projects worth 150 crore or more is detailed in the Flash Report for March 2023.
Compared to their initial project implementation schedules, 821 projects are delayed, 354 reported cost overruns, and 247 reported time and cost overruns.
A A total of 821 projects are behind schedule in comparison to their initial plans, while 165 projects have reported further delays compared to the completion date announced in the preceding month. 52 of these 165 projects—totaling at least Rs 1,000 crore—are megaprojects.
Compared to their initial project implementation schedules, 821 projects are delayed, 354 reported cost overruns, and 247 reported time and cost overruns.
A A total of 821 projects are behind schedule in comparison to their initial plans, while 165 projects have reported further delays compared to the completion date announced in the preceding month. 52 of these 165 projects—totaling at least Rs 1,000 crore—are megaprojects.
According to a research about the road transport and roads sector, the entire initial cost of implementing 749 projects was in the range of Rs 4,32,893.85 crore when they were approved, but this was later projected to cost Rs 45,11,68.46 crore, reflecting a cost overrun of 4.2%.
Up until March 2023, Rs 2,31,620.94 crore had been spent on these projects, or 51.3% of what was expected to be spent on them.
Similar to this, the entire cost of implementing 173 projects in the railway sector originally estimated at Rs 3,72,761.45 crore was later revised to Rs 6,27,160.59 crore, representing a cost overrun of 68.2 percent.
The entire cost of implementing 173 projects in the railway sector originally estimated at Rs 3,72,761.45 crore was later revised to Rs 6,27,160.59 crore, representing a cost overrun of 68.2 percent.
Up until March 2023, Rs 3,84,947.64 crore had been spent on these projects, which was 61.4% of the projected cost of the projects. According to the report, the overall cost of 145 projects in the petroleum sector was originally estimated to be in the range of Rs 3,63,608.84 crore when they were approved, but this was later revised to Rs 3,84,082.25 crore, resulting in a 5.6% cost overrun.
The amount spent on these projects up till March 2023 totaled Rs. 1,52,566.01 crore, or 39.7% of the projects’ estimated cost.