Central projects move at snail’s pace in Odisha by railenquiry on 25 June, 2012 - 12:00 PM | ||
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railenquiry | Central projects move at snail’s pace in Odisha on 25 June, 2012 - 12:00 PM | |
The track record of the Naveen Patnaik government, as far as completion of industrial projects on time is concerned, is far from satisfactory. Big ticket projects in private sector including the 12 million tonne steel plant by South Korean steel giant Posco is hanging fire.There are at least 27 central sector infrastructure projects which are under different stages of progress in the state. But the average time overrun for these projects is 67.77 months, a whopping five years. A concerned Union Minister of State for Statistics and Programme Implementation Srikant, who reviewed the progress of the central sector projects has now asked the State Government to set up a central sector project coordination committee,(CSPCC),for speedy completion of the major projects.The total original cost of these 27 projects is Rs 54,277.41 cr and the anticipated completion cost is Rs 57,448.40 cr, implying a cost overrun of Rs 3,170.99 cr. The Centre has invested Rs 25,778.01 crore in these projects.The projects include the golden quadrilateral projects in road transport and highways sector, three in the railways, eight in coal and one in the petroleum sector. The delayed projects include two major ongoing projects of Indian Oil Corporation Limited(IOCL).The Paradip refinery project with a capacity of 15 Million Metric Tonne Per Annum of crude at a sanctioned cost of about Rs 30,000 crore is taking more time due to delay in completion of peripheral projects. The project was conceptualised in 1995 at a cost of Rs 8,000 crore and was approved by the cabinet committee on economic affairs (CCEA) in 1998 but due to various reasons, work on the project was stalled in 2004. |