Infra Projects

As many as 346 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.46 lakh crore, as per an official report. According to Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,418 projects, 346 reported cost overruns and as many as 823 projects were delayed. " Total original cost of implementation of the 1,418 projects was Rs 20,38,026.75 crore and their anticipated completion cost is likely to be Rs 24,84,846.99 crore, which reflects overall cost overruns of Rs 4,46,820.24 crore (21.92 per cent of original cost)," the ministry's latest report for February 2023 said. According to the report, the expenditure incurred on these projects till February 2023 is Rs 13,62,707.98 crore, which is 54.84 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 643 if delay is calculated on the basi

PM GatiShakti to help in planning social infrastructure: Piyush Goyal

Prime Minister Narendra Modi on Wednesday reviewed nine key infrastructure projects spread across 13 states having a cumulative cost of more than Rs 41,500 crore. Modi reviewed the projects while chairing the meeting of 41st edition of PRAGATI, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving the Centre and state governments. In the meeting, nine key infrastructure projects were reviewed -- three projects were from the Ministry of Road Transport and Highways, two from the Ministry of Railways and one project each was from Ministry of Power, Ministry of Coal, Ministry of Petroleum and Natural Gas, and Ministry of Health and Family Welfare, a statement issued by the Prime Minister's Office said. These nine projects have a cumulative cost of over Rs 41,500 crore and relate to 13 states -- Chhattisgarh, Punjab, Bihar, Madhya Pradesh, Uttar Pradesh, Jharkhand, Kerala, Karnataka, Tamil Nadu, Assam, Gujarat, Maharashtra and Arunachal ...

In an interview with Nikesh Singh, IIFCL managing director PR Jaishankar talks about the way ahead for the key infra financier

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

NaBFID can support infrastructure projects in three ways: by giving loans, subscribing to bonds and picking up equity stakes

These would be for immediate execution and be overseen by MoRTH

Over 250 critical infrastructure projects of different ministries including rail, road and ports have been examined and recommended by the Network Planning Group (NPG), constituted under the PM GatiShakti initiative, since last October, a commerce and industry ministry official said. On October 13, Prime Minister Narendra Modi launched the GatiShakti - National Master Plan aimed at developing integrated infrastructure to reduce logistic costs. All logistics and connectivity infrastructure projects, entailing investment of over Rs 500 crore, are routed through the NPG, constituted under the PM GatiShakti initiative. "Over 250 infrastructure projects have been examined in the last one year by using the National Master Plan and the PM GatiShakti institutional structure. These projects include many connectivity linkages of rail, port, road, and last mile infrastructure projects for sectors such as agriculture, food, steel, and coal," the official said. Use of the National Master Plan .

It is true that the government should not throw good money after bad, but failed projects should at least be used as lessons to improve the implementation of future infrastructure projects

Land issues, Centre-State tussles caused delay, roads and railways have the highest share

Shortlists 494 projects, including 279 roads and highways worth Rs 1.92 trillion, petroleum projects worth Rs 1.11 trillion, almost a trillion rupees worth of railway projects

Catch depleting as coastal infrastructure expands but there is no government, they say

As many as 393 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.65 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,526 projects, 393 reported cost overruns and as many as 647 projects were delayed. "Total original cost of implementation of the 1526 projects was Rs 21,26,460.93 crore and their anticipated completion cost is likely to be Rs 25,91,823.45 crore, which reflects overall cost overruns of Rs 4,65,362.52crore (21.88% of original cost)," the ministry's latest report for August 2022 said. According to the report, the expenditure incurred on these projects till August 2022 was Rs 13,60,645.94 crore, or 52.49 percent of the anticipated cost of the projects However, the number of delayed projects decreases to 500 if delay is calculated on the basis of latest schedule of ...

Experts say twin challenge of infra redevelopment and climate adaptation are both out of the ambit of sparsely financed municipal corporations

As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.66 lakh crore, as per a report

UP accounts for nearly 38 per cent of the total expressway network in the country

Continuing its much-debated 'ease of doing business' mantra, the Ministry of Environment, Forest and Climate Change has sought to simplify approval procedures for infrastructure projects

As many as 428 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.98 lakh crore, as per a report

Union Finance Minister Nirmala Sitharaman on Sunday said the Centre is implementing various rail, road and air connectivity projects worth Rs 1,34,200 crore in the northeast. Addressing the 'Natural Allies in Development and Interdependence' conclave here, she said the Union government has been pumping in huge money in developing a number of infrastructure projects throughout the region. "We are carrying out 20 railway projects worth Rs 74,000 crore for 2,011 km, which are spread across the northeast," Sitharaman said. The Centre is also developing 4,000 km of roads in the region at a total cost of Rs 58,000 crore, she added. "There are 15 ongoing air connectivity projects in the northeast, costing around Rs 2,200 crore," the finance minister said. She, however, did not mention the completion period of these projects.

The Department for Promotion of Industry and Internal Trade (DPIIT) has also created a national master plan digital platform