45000 Cr major infrastructure projects delayed

May 20, 2013

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Around half of the 566 major infrastructure projects are delayed due to green clearances and other reasons, Parliament was informed on Friday.

As on January 1, 2013, of the total 566 projects, 276 were delayed. The estimated cost of each of these projects is above Rs150 crore.

The information was given by minister of statistics and programme implementation Srikant Kumar Jena.

Among the 276 projects, delay in clearances relating to environment and forest were reported by the project implementing agencies in 43 projects â€” 8 in railways sector, coal (10), road transport and highways (15), petroleum (2) and power (8).

The minister said the government had taken several steps to ensure timely completion of projects.

The initiatives include rigorous project appraisal, computerized monitoring system, setting up of standing committees in the ministries for fixation of responsibility for time and cost overruns, regular review of the infrastructure projects by the concerned administrative ministries and setting up of Cabinet Committee on Investment (CCI) to review and monitor the implementation of major projects.

Source-http://constructionsphere.com/