05 August, 2009

50% infrastructure projects in India running behind schedule

Nearly 50% of infrastructure projects are behind schedule. Ministry of statistics & programme implementation data shows 423 of 925 projects, each costing Rs 20cr or more, are delayed. 

Majority of projects are in the power and roads sectors due to problems in land acquisition. Around 60% projects in the power sector and 40% in the road sector running behind schedule. Cost overrun in 423 delayed projects is Rs 38,663.67cr, which is 17% of the original cost of Rs 246,070 cr. 

Maharashtra tops the list of delayed projects followed by Assam and UP. 

In Maharashtra, the cost of 37 delayed projects has increased by around Rs 5,200cr from estimated cost of Rs 28,420 cr. In J&K, where 13 projects are monitored, the cost escalation is even more than the original cost, around Rs 10,000 cr for projects worth Rs 8,132 cr. In Assam, 36 projects are delayed with cost escalation of Rs 7,100 cr.