269 projects worth Rs 12.30 trillion reviewed under the government’s PRAGATI platform

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269 projects worth Rs 12.30 trillion reviewed under the government’s PRAGATI platform

269 projects worth Rs 12.30 trillion reviewed under the government’s PRAGATI platform

13 Mar 2020 Long Read
This January, Prime Minister Narendra Modi chaired the 32nd interaction of PRAGATI—the ICT-based, multimodal platform for Pro-Active Governance and Timely Implementation, involving the Centre and state governments. Nine delayed projects worth Rs 240 billion were reviewed in the meeting. These projects are spread across nine states: Odisha, Telangana, Maharashtra, Jharkhand, Bihar, Karnataka, Andhra Pradesh, Kerala and Uttar Pradesh—and three Union Territories. The projects include three from the Ministry of Railways, five from the Ministry of Road Transport and Highways and one from the Ministry of Petroleum and Natural Gas. Further, in the previous 31 PRAGATI interactions, a total of 269 projects with a total investment of Rs 12.30 trillion were reviewed by the Prime Minister.That said, despite CW’s continuous efforts, data on these projects was not made available.

Effective mechanism?
While the delay saga continues, PRAGATI has helped fast-track of stuck projects, leading to cost and time savings. “Many projects stuck for years have achieved completion, such as the Eastern and Western Peripheral Expressway around Delhi, Pakyong Airport in Sikkim, the Panipat Jalandhar six-lane project and Phase 1 of the Delhi-Meerut Expressway,” observes Vijay Agrawal, Executive Director, Equirus Capital.

“The platform has reviewed and taken steps to remove bottlenecks in multiple projects covering an investment of over Rs 12 trillion,” says Shubham Jain, Group Head & Senior Vice-President, Corporate Ratings, ICRA. “While it would be difficult to quantify the impact of PRAGATI on project execution, it is certainly a positive initiative that can help resolve bottlenecks in some large projects.”

The PRAGATI mechanism for monitoring is an ongoing process. “After its implementation and until March 2018, cost overruns remained under 15 per cent,” according to Siva Subramanian, Director, Infrastructure & Project Finance, India Ratings & Research (Fitch Group).Given that projects are added and dropped over the years, he believes cost overrun is not the only metric to be measured. “Project completion is an important aspect for the assessment of success.”

From the perspective of a construction contracting company, Yogesh Kumar Jain, Managing Director, PNC Infratech, says, “PRAGATI is an effective and expedient project-monitoring framework mechanism reviewed monthly at the highest levels of both the Centre and state governments. It is learnt that several big-ticket infrastructure projects that have been stuck for years could be accomplished through this platform during the past five years. A programme of this nature and enormity will certainly instil confidence in any infrastructure implementation company like us in successful delivery of big-ticket projects.”

TABLE
Current status of some of the 269 projects reviewed under PRAGATI

Region

Project Name

State

Sector

Responsibility

Current Status

CentralIndia

Nigahi expansion project

Madhya Pradesh

Coal

M/o Coal

Completed

Central India

Transmission system of Raipur-Wardha

Chhattisgarh

Power

M/o Power

Completed

East India

Rail-cum-road bridge across Ganga

Bihar

Railways

M/o Railways

Rail section completed. Road section partially completed

East India

Rail-cum-road bridge across Ganga at Munger

 

Bihar

Railways

M/o Railways

Rail section completed. Road section to be completed by September 2021

East India

Doubling of Bhubaneshwar-Delang-PuriRail

Odissa

Railways

M/o Railways

Completed

East India

Paradip-Raipur-Ranchi Pipeline

Chhattisgarh, Odisha & Jharkhand

Oil & Gas

MoPNG

Under construction

East India

Four-lane Bhubaneshwar-Puri section of NH203

Odissa

Roads

MoRTH

Completed

South India

Strategic crude oil reserves of ISPRL

 

Andhra Pradesh & Karnataka

Oil & Gas

MoPNG

Completed

Northeast India

Gauge conversion (rail line connectivity Lumding-Silchar)

Assam

Railways

Railways

Completed

Northeast India

Pare Hydroelectric Project (110 mw) of NEEPCO

Arunachal Pradesh

Power

Power

Completed

North India

Six-lane highway Panipat-Jalandhar section of NH1 (291 km)

Haryana & Punjab

Roads

MoRTH

Completed

North India

Six-lane Eastern Peripheral Expressway (135 km)

Uttar Pradesh & Haryana

Roads

MoRTH

Completed

North India

330- mw KishangangaHydroelectric Project

Jammu & Kashmir

Power

Power

Completed

Southeast Asia

Construction of parliament building and salmadam in Afghanistan

Afghanistan

International

MEA

Completed

Southeast Asia

Kaladan multimodal transit transport &RihTedimroad projects

Myanmar

International

MEA

Under construction 

South India

42-km Bangalore Metro Rail (BMRP) Phase 1

Karnataka

Urban Affairs

MoHUA

Completed

South India

KudgiSuper Thermal Power Plant Stage 1 (3× 800 mw)

Karnataka

Power

Power

Completed

West India

102-mw wind power project

Rajasthan

Renewables

MoPNG

Completed

West India

Indore to Gujarat-MP border section Of NH59

Gujarat & Madhya Pradesh

Roads

MoRTH

Completed

Source: Equirus Capital


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