Govt has already come out with an pipeline of 6,749 projects which would cost $1.7 trillion in five years
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above
According to the latest data from the Dedicated Freight Corridor Corporation Limited (DFCCIL), the agency has completed 56 per cent of its contractual work on WDFC and 60 per cent on EDFC
To generate employment and demand, India needs large scale labour-intensive infrastructure projects
A government task force recently projected total investment of Rs 111 trillion in infra projects over five years to augment infrastructure and create jobs in the country
The estimate has been made for the five-year period ending 2025
High-pressure natural gas pipelines, including Urjja Ganga project connecting North and East India, will be taken up immediately; migrant labour allowed to stay at work sites
At the moment, it said, the group is handling 588 issues in 260 projects, with total anticipated investment of Rs 10 lakh crore.
Last week, the government came up with an ambitious plan for infrastructure investment
Data to explain why private sector investment is estimated to be low
Of the Rs 102 trillion to be deployed through to FY25, 78 per cent is to be mobilised by the public sector and 22 per cent by the private sector.
Hence, it is a welcome step that the government aims to be pragmatic enough to drop laggard projects out of this pipeline as it progresses.
Thackeray has demanded that since Maharashtra contributed nearly half the total tax revenues to the Central exchequer, the Centre should 'waive' off (the state's contribution) for two years
Govt said the reasons for cost overruns are project- specific, depend on a variety of technical, financial and administrative factors, and differ from project to project
The brief reasons for time overruns, as reported by various project implementing agencies, are delays in land acquisition, forest clearance and supply of equipment
Out of 550 delayed projects, 182 projects have overall delay in the range of 1 to 12 months
The average time overrun in these 496 delayed projects is 36.98 months
The task force, headed by the economic affairs secretary, will draw up a 'National Infrastructure Pipeline'
The FM also said an organisation would be set up to provide credit enhancement for infrastructure and housing projects, increasing the flow of funds to these
The report stated that the average time overrun in these 296 delayed projects is 48.39 months