Road transport, highways sector has maximum number of delayed projects: Govt report
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New Delhi: The road transport and highways sector has the maximum number of delayed projects at 407, followed by railways at 114 and the petroleum industry at 86, showed a government report.
In the road transport and highways sector, 407 out of 717 projects are delayed.
For railways, out of 173 projects, 114 are delayed, while in the petroleum sector, 86 out of 146 projects are running behind schedule, as per the latest flash report on infrastructure projects for February 2023.
The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing ₹ 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 showed that the Muneerabad-Mahaboobnagar rail project is the most delayed. It is delayed by 276 months.
The second-most delayed project is the Udhampur-Srinagar-Baramulla rail project, which is delayed by 247 months.
The third-most delayed project, Belapur-Seawood-Urban Electrified Double Line, is running 228 months behind schedule.
The Flash Report for February 2023 contains information on the status of the 1,418 Central Sector Infrastructure Projects costing ₹ 150 crore and above.
As many as 823 projects are delayed, 346 projects reported cost overrun and 242 projects reported both times and cost overrun with respect to their original project implementation schedules.
A total of 823 projects are delayed with respect to their original schedules and 159 projects have reported additional delays vis-a-vis their date of completion reported in the previous month.
Of these 159 projects, 38 are mega projects costing ₹ 1,000 crore and above.
About the road transport and highways sector, the report stated that the total original cost of implementation of 717 projects, when sanctioned, was ₹ 3,97,255.47 crore but this was subsequently estimated to be ₹ 4,14,400.44 crore, implying a cost overrun of 4.3 per cent.
The expenditure incurred on these projects till February 2023 is ₹ 2,33,007.06 crore, which is 56.2 per cent of the anticipated cost of the projects.
Similarly, in railways, the total original cost of implementation of 173 projects, when sanctioned, was ₹ 37,2761.45 crore but this was subsequently anticipated to be ₹ 6,26,632.52 crore, implying a cost overrun of 68.1 per cent.
The expenditure incurred on these projects till February 2023 is ₹ 3,79,380.95 crore, which is 60.5 per cent of the anticipated cost of the projects.
About the petroleum sector, it said, the total original cost of implementation of 146 projects, when sanctioned, was ₹ 3,67,615.67 crore but this was subsequently anticipated to be ₹ 3,85,117.08 crore, implying a cost overrun of 4.8 per cent.
The expenditure incurred on these projects till February 2023 is ₹ 1,44,162.3 crore, which is 37.4 per cent of the anticipated cost of the projects.
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President Biden hails Manmohan Singh's pivotal role in strengthening US-India ties
San Francisco (PTI): Mourning the passing of former Prime Minister Manmohan Singh, US President Joe Biden has called him “a true statesman” and credited his strategic vision and political courage for the unprecedented level of bilateral cooperation.
Singh, who was India’s prime minister for 10 years from 2004 to 2014 died in New Delhi on Thursday night. He was 92.
"The unprecedented level of cooperation between the United States and India today would not have been possible without the Prime Minister’s strategic vision and political courage,” Biden said in a statement as he and the First Lady, Jill Biden, joined the people of India in grieving the loss of the former prime minister.
“From forging the US-India Civil Nuclear Agreement to helping launch the first Quad between Indo-Pacific partners, he charted path-breaking progress that will continue to strengthen our nations—and the world—for generations to come. He was a true statesman. A dedicated public servant. And above all, he was a kind and humble person,” Biden said.
The outgoing US President said he had the chance to meet Prime Minister Singh as Chairman of the Senate Foreign Relations Committee in 2008 and as Vice President during his Official State Visit to the United States in 2009.
“He also graciously hosted me in New Delhi in 2013. As we discussed then, the US-India relationship is among the most consequential in the world. And together, as partners and friends, our nations can unlock a future of dignity and unlimited potential for all of our people,” Biden said.
“During this difficult time, we recommit to this vision to which Prime Minister Singh dedicated his life. And Jill and I send our deepest condolences to former First Lady Gursharan Kaur, their three children, and all the people of India,” Biden said.
