Govt panels clear infra projects worth Rs 9,672 cr

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infra projectsSeven infrastructure projects in road and port sectors have been approved by concerned government committees in an envisaging investment of Rs 9,672 crore, an official statement said.

“The Public Private Project Appraisal Committee (PPPAC) and the Empowered Committee (EC) both chaired by Secretary, Department of Economic Affairs met on February 2, 2016, and cleared six road projects and one ports sector project with estimated project cost totalling Rs.9672.12 crores,” a finance ministry statement said.

“Quick clearances given,” Economic Affairs Secretary Shaktikanta Das informed in a tweet.

The projects include four national highway projects, one each in Maharashtra and Himachal Pradesh and two in Uttar Pradesh, and one port project in the coastal state of Goa.

Besides, the two road projects in Uttar Pradesh have been cleared for Viability Gap Funding (VGF), under which the government gives support to infrastructure projects.

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