New Delhi: India estimates about 423 projects in industries such as coal, petroleum, railways and ports will cost Rs38,660 crore more because of delays in completion.
Of the 925 infrastructure projects costing Rs20 crore or more being monitored by the government, about 423 are running behind schedule, Sriprakash Jaiswal, minister of statistics and programme implementation, said in a statement in Parliament.
The cost overrun in these delayed projects amounts to a 15% increase in the last approved cost of Rs2.5 trillion, he said.
The delayed projects include three in atomic energy, 24 in civil aviation, 30 in coal, 32 in steel, 30 in petroleum, 32 in power and 58 in railways, the minister said. The government didn’t say what has caused the delays.
NHAI inks concession pacts for five projects
New Delhi: National Highways Authority of India (NHAI) has signed concession agreements for five projects entailing a total cost of Rs5,594 crore, minister of state for road transport and highways R.P.N. Singh said Wednesday.
The five projects include developing and widening of Kishangarh-Beawar National Highway No. 8 and the four-lane elevated road from Chennai Port to Maduravoyal, the minister said in a written reply in the Rajya Sabha.
Singh also said NHAI had received bids for only half of 60 highway projects for which tenders were floated in financial year 2008-09.
“During 2008-09, NHAI initiated bidding process for 60 projects. Bids have been received in respect of 30 projects, including those received on re-bidding...,” he said.
Out of the 30 projects, only 10 were awarded by the NHAI.