Max Number Of Delayed Projects In Road Transport Sector

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Max Number Of Delayed Projects In Road Transport Sector

| Updated: December 25, 2022 19:22

According to a government assessment, the road transport and highways sector has the most delayed projects (358), followed by the railroads (111), and the petroleum industry (87).

358 out of 769 projects in the road transport and highways sector are behind schedule. According to the most recent flash report on infrastructure projects for November 2022, 87 out of 154 projects in the petroleum sector and 111 out of 173 projects in the railroads are both behind schedule.

Based on the data submitted on the Online Computerized Monitoring System (OCMS) by the project implementing agencies, the Infrastructure and Project Monitoring Division (IPMD) is tasked with monitoring central sector infrastructure projects costing 150 crores and above. The Ministry of Statistics and Programme Implementation oversees the IPMD.

According to the report, the train project between Muneerabad and Mahaboobnagar is the most delayed. It is 276 months behind schedule. The Udhampur-Srinagar-Baramulla rail project, which has been delayed by 247 months, is the second-most delayed project. Belapur-Seawood-Urban Electrified Double Line is the third-most postponed project and is 228 months behind schedule.

Up till November 2022, these projects cost a total of 2,77,208.24 crore or 60.2% of the estimated cost of the projects. Similar to this, when 173 projects were approved, the total original cost of execution was 3,72,761.45 crore; however, this amount later climbed to 6,24,583.37 crore, indicating a cost overrun of 67.6%.

Till November, these projects cost a total of 3,59,996.26 crore or 57.6% of what was projected to be spent on them. Regarding the petroleum industry, it was claimed that the overall estimated cost of 154 projects was 4,01,966.41 crore, a cost increase of 5.3%, from the original estimate of 3,81,885.12 crore.

The amount spent on these projects up through November 2022 was 1,48,897.69 crore or 37% of the project’s estimated cost. 

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