PM™s initiatives to accelerate Infrastructure Investments

1.      Steering committee for Infra Projects estimated at Rs. 1 Lakh crore

The first meeting of the Steering Group to accelerate infrastructure investment will be held on Friday 19th July, 2013 and chaired by the Principal Secretary to the Prime Minister. Secretaries in the departments/ Ministries of Finance, Planning Commission, Economic Affairs, Road, Transport & Highways, Shipping, Civil Aviation, Power and Chairman Railway Board have been invited to monitor the preparation and award of the following projects with an estimated cost of Rs 1 Lakh crore:

a.      Mumbai Elevated Rail Corridor Project

b.     Two Locomotive Projects

c.      Accelerating Eastern Dedicated Freight Corridor

d.     One Expressway Project

e.       One Port

f.      Two Airports

g.      Power and Transmission Projects.

2. Clearing the backlog of Railway projects estimated at Rs. 2 lakh crore

 To clear backlog of sanctioned projects in the Railways the Prime Minister has approved the constitution of an Inter Ministerial Group consisting of Chairman, Railway Board, Finance Secretary and Secretary, Planning Commission. The group will come up with a creative financing-cum-implementation mechanism for enhancing investment and for clearing backlog of projects of an estimated Rs 2 lakh crore in a prioritized manner.

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