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The Economic Survey
for 2017-18 presented a sober picture for delayed infrastructure projects as
out of 482 road-related projects, only 43 face cost overruns and 74 face time
overrun.
The
Economic Survey which was tabled on Monday in the Parliament gives a review of
the year gone by before the Union Budget for the next financial year is
presented. Union Budget for 2018-19 will be presented on February
1.
It was pointed out
that out of 1,263 infra related projects during 2017-18, projects worth Rs
3,17,373.9 crore belonged to roads and highways which faced delay in execution
due to bottlenecks in obtaining land clearances, public agitation and
arbitration-related issues.
“Some
of the projects under different phases of National Highway Development Program
are delayed mainly due to problems in land acquisition, utility shifting, poor
performance of contractors, environment/ forest/wildlife clearances, Road Over
Bridge (ROB) & Road Under Bridge (RUB) issue with Railways, public
agitations for additional facilities, and arbitration/ contractual disputes
with contractors etc,” said the survey.
NPAs stall infra
progress
One of the glaring
observation made by the Survey pointed out that Roads Sector witnessed increase
in Non-Performing Asset (NPA) to 20.3 percent as of September 2017.