Government Panels Clear Infra Projects Worth 9,672 Cr

NEW DELHI:  Concerned government committees have approved seven infrastructure projects in road and port sectors envisaging an investment of 9,672 cr, 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 9672.12 cr," a finance ministry statement here said.

"Quick clearances given," Economic Affairs Secretary Shaktikanta Das said 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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