PROJECTS
RUNNING BEHIND SCHEDULE
Rajya Sabha
As on 1.4.2002, there are 455 central
sector industrial and infrastructure projects with investment
of Rs. 20 crore and above each. Out of these, 159 projects have
suffered time overrun and 221 projects have suffered an aggregate
cost overrun of 69.4% with respect to the originally approved
cost of Rs. 68,541.2 crore.
The reasons for time overrun
vary from project to project and include delays in land acquisition,
award of contracts and supply of equipment, lack of infrastructure,
prevalence of law and order problems and fund constraints.
The remedial steps taken for
timely completion as well as for reduction in cost overruns in
projects include:
- review of projects on monthly as well as quarterly
basis by the Government to identify the constraints and to
resolve the problems affecting the implementation of projects;
- indepth critical review of the progress by the
project authorities and the Administrative Ministries and
follow up with the State Governments, equipment manufacturers,
contractors, consultants and other agencies concerned to minimize
delays;
- coordination for resolving problems of inter-ministerial
nature;
- appointment of a nodal officer for each project
co-terminous with the duration of the project;
- setting up of an Empowered Committee in the
administrative ministries concerned for resolution of problems;
- yearly updating project costs to tie up fund
requirements; and
- providing matching funds for expeditious completion
of projects in advanced stages of implementation.
This information was given in Rajya
Sabha today by Minister of State for Statistics and Programme
Implementation, Shri Vijay Goel in reply to a question by Shri
Moolchand Meena and Shri Tarini Kanta Roy.
