The Quarterly Project Implementation Status Report (QPISR) on Central Sector Projects (costing ₹150 crore and above) for the third quarter of 2023-24, contains detailed information on 1,897 projects. The QPISR is prepared by Ministry of Statistics and Programme Implementation.
Out of 1,897 projects, 448 projects were having cost overrun of ₹5,55,352.41 crore, which is 65.2 % of their sanctioned cost. However, it stated that with regard to the latest approved cost, 292 projects had reported cost overrun of ₹ 2,89,699.46 crore. Further, 276 projects are having both time and cost overruns.
Out of 1,897 projects, 56 projects were ahead of schedule, 632 projects were on schedule, 902 projects were delayed with respect to the original schedule of completion.
Further, it stated that for 307 projects, either original or the anticipated date of completion was not reported or had lapsed. The anticipated completion cost of these 1,897 projects is reported to be ₹31,74,489.91 crore. The total expenditure as on December 31, 2023 was ₹16,89,400.92 crore which works out to 53.22 % of the total anticipated completion cost and 63.9%of the original cost. For these 1,897 projects, a total outlay of ₹3,70,983.54 crore has been allocated for 2023-24, it stated.
Reasons for time overrun, as reported by various project implementing agencies, include delay in land acquisition, obtaining forest and environment clearances and law and order problems.
