Page 4 - Infrastructure Projects

393 infra projects show cost overruns of Rs 4.65 trillion, says report

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 ...

PM GatiShakti: 196 critical infrastructure gap projects identified

PM Modi will also launch ULIP that will enable integration with existing data sources of ministries, as well as data exchange with private players

PM GatiShakti: 196 critical infrastructure gap projects identified

PM Modi will also launch ULIP that will enable integration with existing data sources of ministries, as well as data exchange with private players

Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore

Tata Realty to raise Rs 6,000 cr as fresh debt

386 infrastructure projects show cost overruns of Rs 4.7 trillion

As many as 386 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.7 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 1,505 projects, 386 reported cost overruns and as many as 661 projects were delayed. "Total original cost of implementation of the 1505 projects was Rs 21,21,793.23 crore and their anticipated completion cost is likely to be Rs 25,92,537.79 crore, which reflects overall cost overruns of Rs 4,70,744.56 crore (22.19% of original cost)," the ministry's latest report for July 2022 said. According to the report, the expenditure incurred on these projects till July 2022 was Rs 13,50,275.69 crore, or 52.08 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 511 if delay is calculated on the basis of the latest schedule of ...

How China plans to spend $1 trn on infrastructure to boost economy

To help boost the economy, Beijing is targeting investments in new energy projects, high-speed rail and water tunnels

PSP Projects surges 6% as company bags new orders worth Rs 247 cr

With receipt of the current order, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore, the civil construction company said in an exchange filing.

Infra sectors that boost growth

Apply proven policies in telecom and electricity to rev up the economy

Govt plans infrastructure status for SEZs; move to ease financing norms

This will be done by giving them infrastructure status, at par with sectors to improve access to finance and enable long-term borrowing from lenders at easier terms

Govt plans infrastructure status for SEZs; move to ease financing norms

This will be done by giving them infrastructure status, at par with sectors to improve access to finance and enable long-term borrowing from lenders at easier terms

IFS: Getting set to make an impact

As the IFS will still function as an extended arm of the DEA, what then was the need to set up a new body? Six reasons suggest themselves

384 infra projects show cost overruns of Rs 4.66 trillion, says report

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

Nitin Gadkari pulls up NHAI officials for not visiting project sites

The road transport and highways minister said that on Monday, he held a meeting with NHAI and NHIDCL officials on issues related to road projects in Assam

Centre appoints NLMC interim head; to initiate surplus land monetisation

The interim CEO's job is learnt to have gone to Sanjay Kumar Jain, and the government has appointed its nominees to the board of the corporation

Maharashtra: MMRDA allowed to take loans up to Rs 60k cr for infra projects

The Maharashtra government will stand guarantor for the loans and stamp duty on the government guarantee has been waived off for an amount of Rs 12,000 crore to be raised in the first phase, CMO said.

DPIIT, MeitY draft guidelines to make GatiShakti portal public in August

Preparing protocols for private users' access is crucial, as there is a need to keep in mind the data and national security concerns

423 infrastructure projects show cost overruns of Rs 4.95 trillion

As many as 423 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.95 lakh crore, as per a report

21st century India is for wealth creators, says PM Narendra Modi

Dwells in criticailty of last-mile connectivity for ease of living and ease of doing business, at launch of infra projects worth Rs 27,000 crore

Pragati Maidan Integrated Transit Corridor to cut commute time by 15 mins

The Pragati Maidan Integrated Transit Corridor, comprising a 1.3-km-long tunnel and five underpasses and built over four years, was inaugurated by Prime Minister Narendra Modi on Sunday

PM says Centre's projects changing Delhi's face, rues politics against them

'It is our country's misfortune that many good things brought with good intentions get trapped in political colours. Media also gets dragged into it due to its TRP compulsions'