Rs 8,000 Cr Earmarked For Completion Of Pending Projects In J&K : Guv
Mumbai : Satya Pal Malik Jammu and Kashmir Governor said that Rs. 8,000 crore has been reserved for completion of all development projects which have been stopped for necessary resources.
He managed the administration to prepare the projects within the set time frame.
“Rs 8,000 crore has been earmarked for completion of all such projects which are hanging fire for decades for want of adequate resources. Inordinate delay in the execution of developmental projects not only leads to cost and time overrun, but also fuels public dissatisfaction as they are not able to benefit from the same,” Malik said.
On Wednesday, a high-level meeting to review the execution of the action plan for completion of the special projects, the Governor said preference should be given to key sectors like road communication, drinking water, education, health care, irrigation and sports.
He said, “No further time or cost overrun should be allowed under any circumstances on such projects. With full commitment and focus, we should be able to achieve good progress on this initiative in the larger public interest.” He added the progress of each project should be updated regularly on the official websites of the departments concerned so that the people know the status of each project.
Malik also called geo-tagging the pending projects.
According to Principal Secretary (Finance) Navin K Choudhary saud 1,014 projects costing Rs. 2,171.91 crore has been approved throught he newly launched Jammu Kashmir Infrastructure Development Finance Corporation (JKIDFC).
The other pending projects include 35 projects costing Rs 230.54 crore in industries and commerce, 39 projects costing Rs 23.75 crore in school education, 48 projects costing Rs 90.52 crore in health and medical education, 81 projects costing Rs 258.60 crore in Ladakh Affairs and six projects costing Rs 65.38 crore in tourism sector.
