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269 projects worth Rs 12.30 trillion reviewed under the government?s PRAGATI platform
2020-03-13
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 |
|
Madhya Pradesh |
Coal |
M/o Coal |
Completed |
|
|
Central India |
Transmission system of Raipur-Wardha |
Chhattisgarh |
Power |
M/o Power |
Completed |
|
|
East India |
|
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 |
|
Chhattisgarh, Odisha & Jharkhand |
Oil & Gas |
MoPNG |
Under construction |
|
|
East India |
 
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