PM sets investment target of Rs 1.15 lakh crore in PPP projects

New Delhi, June 28 (ANI): The Prime Minister, Dr. Manmohan Singh, today set an investment target of Rs 1.15 lakh crore in PPP (public private partnership) projects across infrastructure sectors in rail, port and power in the next six months.

A steering group is being formed to monitor the award and implementation of projects from among the following on priority:

1) Mumbai Elevated Rail Corridor Rs. 30,000 crore

2) Two Locomotive projects Rs. 5,000 crore

3) Accelerating E-DFC Rs. 10,000 crore

4) One of the two port projects Rs. 10,000 crore

5) Two airport projects Rs. 20,000 crore

6) Power and Transmission projects Rs. 40,000 crore

Total

Rs. 1,15,000 crore

The decisions were taken at a meeting the Prime Minister held here to finalise infrastructure projects for 2013-14 which was attended by Finance Minister P Chidambaram, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Ministers of Power, Coal, Railways, Roads, Shipping and Civil Aviation.

The Deputy Chairman of Planning Commission made a presentation bringing out the performance of the six infrastructure ministries in achieving their targets in 2012-13 and the details of the targets that have been set for this year, i.e., 2013-14. These targets were set through a detailed process, first in the Planning Commission by Member (Infrastructure) and later revised through a second round of meetings in PMO.

The Prime Minister concluded by reiterating that a lot of work still needs to be done and there should be no slackening of the pace of work.

The government, the release said, decided to form a steering group to monitor the award and implementation of projects.

Besides airports and Mumbai's elevated rail corridor projects, the group will also monitor two Locomotive projects (Rs 5,000 crore), accelerating E-DFC (Eastern-Dedicated Freight Corridor) (Rs 10,000 crore) and port projects (Rs 10,000 crore).

In the civil aviation sector, apart from two new international airports, 50 new low cost small airports will be taken up by Airports Authority of India.

Besides, a target for awarding eight greenfield airports was set for this year in PPP mode at Navi Mumbai, Juhu (Mumbai), Goa, Kannur, Pune (Rajguru Nagar Chakan), Sriperumbudur, Bellary and Raigarh.

Airport operations and maintenance through PPP contracts will be introduced in AAI airports and the airports considered for these are Chennai, Kolkata, Lucknow, Guwahati, Jaipur and Ahmedabad.

Besides new low cost airports would be set up at 51 places in Andhra Pradesh, Jharkhand, Bihar, Punjab, Uttar Pradesh, Arunachal Pradesh, Assam, Madhya Pradesh, Rajasthan and Maharashtra.

As far as ports were concerned, it stated that both the new ports on PPP mode-one at Sagar (West Bengal) and the other Durgarajapatnam (Andhra Pradesh) approved by the Cabinet will be awarded. (ANI)

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