Page 5 - Infrastructure Projects

428 infrastructure projects show cost overruns of Rs 4.98 trillion

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

RBI pulls up banks for flouting norms on infra loans to govt entities

Must follow instructions in 'letter and spirit'

PM Modi lays foundation for 11 infra projects worth Rs 31,500 cr in Chennai

He said that the focus on road construction in the state was clearly visible and that it was being done keeping in mind the economic development in the region.

Cost overruns of Rs 4.83 trillion impact 425 infrastructure projects

According to the Ministry of Statistics and Programme Implementation out of 1,579 projects, 425 projects reported cost overruns and as many as 664 projects were delayed

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation.

Rs 2-trn projects to be completed by 2024 under Sagarmala plan: Sonowal

Centre has identified a total of 802 projects under the programme at an estimated cost of Rs 5.48 trillion

FM Sitharaman invites Canadian pension funds to invest in infra projects

Finance Minister Nirmala Sitharaman on Friday invited Canadian pension funds to invest in the National Monetization Pipeline and National Infrastructure Pipeline. The finance minister exchanged views on cooperation for promoting bilateral investment and trade during a meeting with Mary Ng, Canadian Minister of International Trade, Export, Small Business & Economic Development. "FM @nsitharaman complimented Canada for housing some of the largest and most successful pension funds globally and welcomed the investments from Canada into India, including in National Monetization Pipeline #NMP and National Infrastructure Pipeline #NIP," the finance ministry said in a tweet.

81 high-impact infrastructure projects make it to Gati Shakti list

Road projects top the pecking order, states to upload data by March-end

What is the Central Vista project?

The central axis of New Delhi with gardens and buildings around India Gate and Raisina Hill are now giving way to the govt's Central Vista Project. How will this area look like once it is completed?

The infrastructure push

Higher expenditure will be needed to sustain recovery

Top headlines: Omicron brings curbs back, MF industry assets surge 30%

India questions China's developing country status on per capita basis. Read more about that in today's top headlines

439 infrastructure projects show cost overrun of Rs 4.38 trillion

As many as 439 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.38 lakh crore, according to a report

Road Ministry chalks out Rs 7 trillion infra projects plan over 2-3 years

The investment opportunities are across multiple asset classes such as highways, multimodal logistics parks, wayside amenities, ropeways and warehousing zones

438 infrastructure projects show cost overrun of Rs 4.34 trillion

As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.34 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,680 such projects, 438 reported cost overruns and 539 were delayed. "Total original cost of implementation of the 1,680 projects was Rs 21,74,182.86 crore and their anticipated completion cost is likely to be Rs 26,08,330.02 crore, which reflects overall cost overruns of Rs 4,34,147.16 crore (19.97 per cent of original cost)," the ministry's latest report for October 2021 said. According to the report, the expenditure incurred on these projects till October 2021 is Rs 12,64,545.31 crore, which is 48.48 per cent of the anticipated cost of the projects. However, the report said that the number of delayed projects decreases to 377 if delay is calculated on the basis of the latest schedule of ...

Central Vista: 6 firms submit technical bids to construct Executive Enclave

Six infrastructure firms, including Tata Projects Limited and L&T Limited, have submitted technical bids for the construction of an executive enclave that will house the prime minister's office (PMO), Cabinet secretariat, India House and National Security Council Secretariat, a CPWD official said on Wednesday. The other four firms are Shapoorji Pallonji and Company Limited, NCC Limited, PSP Projects Limited and Ahluwalia Contracts India Limited. The official said the documents submitted by these six construction firms are being checked for their qualification to participate in the financial bids. According to the CPWD's bid document, the project, which is being executed under the Narendra Modi government's ambitious Central Vista redevelopment plan, will be completed within 24 months at an estimated cost of Rs 1,171 crore. The Central Public Works Department (CPWD), which comes under the Union Housing and Urban Affairs Ministry, said the Executive Enclave will come up on the south

GMR Infrastructure Q2 consolidated net loss at Rs 169.21 crore

The firm on Friday reported narrowing of consolidated loss

EU to lay out $46 billion infrastructure plan to counter China

The EU's "Global Gateway" strategy will focus on digital, transport, energy and trade projects

Statsguru: Six charts show India's infrastructure projects in a slow lane

Among sectors, water, telecom and Railways faced the highest cost overruns

Nearly 65% of infrastructure projects delayed by Covid-induced lockdowns

Of these projects, 438 reported cost overruns and 218 had both time and cost overruns, showed a flash report on central sector projects released by MoSPI

438 infrastructure projects show cost overrun of Rs 4.3 trillion

As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns