Govt wraps up 281 central infra projects in FY24: MoSPI Stats
RAILWAYS & METRO RAIL

Govt wraps up 281 central infra projects in FY24: MoSPI Stats

According to government data released, in FY24, work on 281 central government projects costing over Rs 1.50 billion was completed, compared to 329 projects completed in the previous year. It was noted that this completion rate was the second-highest in nearly a decade.

The data also revealed that the proportion of delayed projects increased to 41.6% in March from 41.2% in the previous month. Similarly, the ratio of cost overruns rose to 18.65% compared to 18.19% in the previous month. This increase was attributed to the anticipated cost of 1,873 projects amounting to Rs 31.9 trillion, which was Rs 5 trillion higher than the original cost.

By the end of March, 779 projects were delayed, with 51% of them being delayed for over two years, averaging 36.04 months or nearly three years.

The government release indicated that three projects (two road projects and one telecom project) were added, while 32 projects (seven roads, 23 in petroleum, and two in the power sector) were completed in March.

The release also pointed out a concerning observation that many project agencies were not reporting revised cost estimates and commissioning schedules for numerous projects, hinting that time/cost overrun figures might be underreported.

A sectoral analysis revealed that Railways and water resources had the highest cost overruns, with the anticipated costs of all projects monitored by the ministry exceeding the original cost by 54% and 197%, respectively.

Of the 249 projects monitored under Railways, 149 were facing cost overruns, while the ratio was 9 out of 41 for water resources. Additionally, nearly a fifth of road projects, which constituted the highest number of ongoing projects, were experiencing cost overruns.

Concerning time overruns, 109 out of 249 railway projects and nearly 40% of road projects were delayed.

According to government data released, in FY24, work on 281 central government projects costing over Rs 1.50 billion was completed, compared to 329 projects completed in the previous year. It was noted that this completion rate was the second-highest in nearly a decade. The data also revealed that the proportion of delayed projects increased to 41.6% in March from 41.2% in the previous month. Similarly, the ratio of cost overruns rose to 18.65% compared to 18.19% in the previous month. This increase was attributed to the anticipated cost of 1,873 projects amounting to Rs 31.9 trillion, which was Rs 5 trillion higher than the original cost. By the end of March, 779 projects were delayed, with 51% of them being delayed for over two years, averaging 36.04 months or nearly three years. The government release indicated that three projects (two road projects and one telecom project) were added, while 32 projects (seven roads, 23 in petroleum, and two in the power sector) were completed in March. The release also pointed out a concerning observation that many project agencies were not reporting revised cost estimates and commissioning schedules for numerous projects, hinting that time/cost overrun figures might be underreported. A sectoral analysis revealed that Railways and water resources had the highest cost overruns, with the anticipated costs of all projects monitored by the ministry exceeding the original cost by 54% and 197%, respectively. Of the 249 projects monitored under Railways, 149 were facing cost overruns, while the ratio was 9 out of 41 for water resources. Additionally, nearly a fifth of road projects, which constituted the highest number of ongoing projects, were experiencing cost overruns. Concerning time overruns, 109 out of 249 railway projects and nearly 40% of road projects were delayed.

Next Story
Infrastructure Transport

Anand Vihar and Punjabi Bagh Flyovers Ready

Work on two major road infrastructure projects, the Anand Vihar flyover and the Punjabi Bagh flyover, has been completed but are yet to be opened for public use, according to officials. Located in highly congested areas, work on these projects started around two years ago. "The work on the flyover is complete and it is ready for opening," said a PWD official on Wednesday. According to sources, both the flyovers are likely to be inaugurated closer to the assembly elections in Delhi, scheduled for early next year. During the time the work was under way, motorists faced heavy traffic congestion ..

Next Story
Infrastructure Transport

RDSO finalise oscillation trials on Indore Metro

Indore Metro Phase 1 advances with the completion of oscillation and brake performance trials on the Yellow Line through three coaches manufactured by Alstom conducted by Research Design and Standards Organisation (RDSO). The oscillation trials were conducted with an aim to evaluate the stability and performance of the three different coaches during the movement, ensuring that the commencement of operation on Indore metro meets the safety and performance standard. The Emergency Braking Distance (EBD) was also reviewed by the RDSO team to evaluate the efficient stopping of trains during the op..

Next Story
Infrastructure Urban

IIT Guwahati develops sustainable geopolymer

A research team at the Indian Institute of Technology Guwahati, led by Prof. Anil K. Mishra from the Department of Civil Engineering, has developed an innovative solution to two major global challenges: industrial waste management and sustainable construction. Their research focuses on creating a geopolymer using industrial byproducts and waste materials, such as water treatment sludge (WTS), fly ash (FA), and ground granulated blast furnace slag (GGBS). “With the rapid pace of urbanisation and industrialisation, managing industrial waste has become a critical global issue," said IIT Guwaha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000