Govt Sets Up Task Force To Identify Infra Projects For Its Rs 100 Lakh Cr Plan For The Sector
New Delhi: The government today announced setting up of task force that will identify infrastructure projects that can be started in the current fiscal and can be included in the Rs 100 lakh crore plan for infra sector in the coming five year period.
This task force will submit a report on the pipeline of such projects for the current fiscal by 31st October and another report on the pipeline of works that can be started in the next five fiscal by 31st December 2019. The task force will also conduct marketing of the pipeline of projects which require private investment through National Investment & Infrastructure Fund (NIIF), the India Investment Grid (IIG ) and such others avenues.
The task force has been set up under the chairmanship of Secretary , Department of Economic Affairs (DEA). Some of the members of the force will be CEO, NITI Aayog (or his nominee), Secretary, Department of Expenditure, Ministry of Finance (or his nominee), Additional Secretary (Investment), DEA, Joint Secretary, Infrastructure Policy & Finance Division, DEA, finance ministry said in a statement.
The task force will determine the technical and economical feasibility of the projects and also estimate annual investment or capital costs for each of those projects. The task force will guide the Ministries in identifying appropriate sources of financing. It will also come up with measures to monitor the infra projects in order to avoid time and cost overruns.