Commerce Minister Piyush Goyal has urged for effective co-operation between the Centre and the States to ensure timely resolution of issues pertaining to the various ongoing infrastructure projects. On Tuesday, Minister held a review meeting regarding the pace of implementation of infrastructure projects being monitored through the Project Monitoring Group (PMG) portal.In an official statement issued after the review meeting, Govt said that presently the PMG is monitoring 1,351 under implementation projects with total anticipated investment of approximately INR 48.94 lakh crore. Projects of infrastructure ministries such as Road, Transport and Highways; Railways; Petroleum and Natural Gas; New and Renewable Energy; Power; etc are listed on the portal.PMG portal of Invest India is an institutional mechanism to facilitate resolution of bottlenecks in infrastructure projects with investments upward of ₹ 500 crores and do milestone-based project monitoring of the same. The PMG mechanism allows project proponents to raise issues with concerned government agencies which are causing hindrances in the implementation of projects.Issues raised on PMG portal pertain primarily to land acquisition (about 40%); grant of right of use/ right of way (25%); and forest, environment and wildlife clearances (14%). In 2021, PMG also incorporated milestone-based monitoring of projects. This feature allows for forecasting delays in projects to avoid time and cost overruns and identify agencies and authorities responsible for delays. Once enlisted on PMG, the projects and corresponding issues are taken up for resolution through meetings with State Governments and Central Ministries.Since 1st April 2020, 687 projects with a value of INR 17.9 lakh crore have been brought on PMG for monitoring and timely completion, thereby bringing the total projects enlisted on PMG since inception to 1,726 projects.As per the official statement by the Ministry, Minister had directed that regular meeting be held with State Governments and Central Ministries to ensure timely resolution of issues.
from India Latest News, Breaking News Today, Top News Headlines | Times Now https://ift.tt/3qYr6ey
via IFTTT
