Maharashtra leads the states with 129 delayed projects
PORTS & SHIPPING

Maharashtra leads the states with 129 delayed projects

There’s an undeniable reason for project delays: States working in silos, thus disrupting project execution.  
An analysis of the September 2018 Flash Report, published by the Ministry of Statistics and Planning, reveals the top five states, with more than 400 projects together, who are costing the exchequer Rs 6 trillion. In return, the expenditure on these projects seems to be subdued as these five states have spent a mere Rs 2.52 billion over the past two decades. 

Topping the chart is Maharashtra. The state has witnessed a cost overrun in 129 projects to the tune of Rs 1.99 trillion. However, when it comes to expenditure, Maharashtra has spent merely Rs 688.89 billion. The next in line is Uttar Pradesh. While the state has crossed a century in project delays, the cost overrun attributed to these projects was Rs 1.31 trillion as against Rs 1.27 trillion. Again, just Rs 485.88 billion was spent on these projects.

Bihar has also faced delays and cost overruns in 90 projects amounting to Rs 1.12 trillion as against the original cost of Rs 754.87 billion. Odisha, which recently witnessed the launch of numerous projects by Prime Minister Narendra Modi, is not far behind! The state’s 81 projects have incurred cost overruns to the tune of Rs 970.21 billion, spending Rs 288.95 billion. Last, Tamil Nadu witnessed Rs 1.31 trillion of cost overruns against the original Rs 1.27 trillion for 70 projects. 

The state has spent Rs 611.08 billion on these projects. 
The numbers aside, it is evident that the country is witnessing an infrastructure boom. Sectors such as railways (mainly metro), roads, smart cities, port-led development projects and greenfield industrial cities are drawing huge investments and providing immense opportunities to medium to large developers and contractors. 

Notable upcoming projects include the Mumbai Coastal Road, the bullet train, industrial corridors, and projects being awarded under the Bharatmala and Sagarmala schemes. However, the delay relay needs to reach its finish line to ensure these landmarks see the light of day – soon.

SHRIYAL SETHUMADHAVAN and RAHUL KAMAT

There’s an undeniable reason for project delays: States working in silos, thus disrupting project execution.   An analysis of the September 2018 Flash Report, published by the Ministry of Statistics and Planning, reveals the top five states, with more than 400 projects together, who are costing the exchequer Rs 6 trillion. In return, the expenditure on these projects seems to be subdued as these five states have spent a mere Rs 2.52 billion over the past two decades.  Topping the chart is Maharashtra. The state has witnessed a cost overrun in 129 projects to the tune of Rs 1.99 trillion. However, when it comes to expenditure, Maharashtra has spent merely Rs 688.89 billion. The next in line is Uttar Pradesh. While the state has crossed a century in project delays, the cost overrun attributed to these projects was Rs 1.31 trillion as against Rs 1.27 trillion. Again, just Rs 485.88 billion was spent on these projects. Bihar has also faced delays and cost overruns in 90 projects amounting to Rs 1.12 trillion as against the original cost of Rs 754.87 billion. Odisha, which recently witnessed the launch of numerous projects by Prime Minister Narendra Modi, is not far behind! The state’s 81 projects have incurred cost overruns to the tune of Rs 970.21 billion, spending Rs 288.95 billion. Last, Tamil Nadu witnessed Rs 1.31 trillion of cost overruns against the original Rs 1.27 trillion for 70 projects.  The state has spent Rs 611.08 billion on these projects.  The numbers aside, it is evident that the country is witnessing an infrastructure boom. Sectors such as railways (mainly metro), roads, smart cities, port-led development projects and greenfield industrial cities are drawing huge investments and providing immense opportunities to medium to large developers and contractors.  Notable upcoming projects include the Mumbai Coastal Road, the bullet train, industrial corridors, and projects being awarded under the Bharatmala and Sagarmala schemes. However, the delay relay needs to reach its finish line to ensure these landmarks see the light of day – soon. SHRIYAL SETHUMADHAVAN and RAHUL KAMAT

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?