Wednesday, February 3, 2016

Seven Infra Projects Worth Rs 9672.12 cr Cleared By Indian Government

 A government panel has approved 7 infrastructure projects in road and port sectors envisaging an investment of Rs 9,672 crore.
 “The Public Private Project Appraisal Committee (PPPAC) and the Empowered Committee both chaired by Economic Affairs Secretary cleared 6 road projects and 1 ports sector project with estimated project cost totalling Rs 9,672.12 crore,” a finance ministry statement said on Wednesday.

Economic Affairs Secretary Shaktikanta Das tweeted: “Quick clearances given”.
These include 4 National Highway projects, one each in the state of Maharashtra and Himachal Pradesh and two projects in the state of Uttar Pradesh and one port sector project in the state of Goa cleared by the PPPAC.

Besides, the two road projects in Uttar Pradesh have been cleared for Viability Gap Funding VGF).

Under the VGF government support is provided to the infrastructure projects to make them viable and bankable.

The meeting of the PPPAC was held on Tuesday.

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