Figure 4: No Copyright Infringement Intended

Context:

• As many as 144 central infrastructure projects have reported delays in completion in the current financial year and the total cost overrun for these is ₹14,960.02 crore.

Steps for Faster Completion:

• periodic review of projects under PRAGATI through video conferencing;
• rigorous project appraisal;
• online computerised monitoring system.

Reasons behind the delay:

The following factors have resulted in delays:

• Localized curbs
• Lack of infrastructure support and linkages
• Land acquisition delays
• Forest and  environment  clearances
• Delayed tendering, law and order  problems
• Inadequate manpower

Way Forward:

A study conducted by the Project Management Institute and KPMG in consultation with MoSPI in June 2019 recommended

• improved management of infrastructure projects,
• including strengthening of internal processes to build in-house project management capabilities
• enhanced stake-holder management for land acquisition,
• obtaining regulatory approvals,
• a dispute resolution mechanism in the public-private partnership model,
• establishment of robust project governance.

Conclusion:

• Infrastructure creation plays a key role in economic development. Land is a state subject, and it is important that the Centre and states work together to make land acquisition a smooth and seamless procedure for investors.
• The process of granting environmental clearances needs to be more efficient and transparent. Time-bound clearances and implementation norms should be adhered to by all.