The Government on Friday cleared 15 road projects totaling Rs 15,560 crore to be build under the Public Private Partnership (PPP) mode in eleven states. The 25th Public Private Partnership Appraisal Co-mmittee (PPPAC) meeting, chaired by the finance secretary, Mr Ashok Chawla, approved these projects spread over 11 states.
Since January 2006, a panel under the finance ministry has approved 116 projects worth Rs 1,15,000 crore under the public-private partnership mode.
The UPA government is giving a major thrust to the infrastructure sector in an attempt to remove bottlenecks in the Indian infrastructure and boost the economy, which is hit by slowdown.
As per government estimates, the country needs at least $500 billion during the 11th Five Year Plan period to meet the funding needs of infrastructural development.
Since January 2006, a panel under the finance ministry has approved 116 projects worth Rs 1,15,000 crore under the public-private partnership mode.
The UPA government is giving a major thrust to the infrastructure sector in an attempt to remove bottlenecks in the Indian infrastructure and boost the economy, which is hit by slowdown.
As per government estimates, the country needs at least $500 billion during the 11th Five Year Plan period to meet the funding needs of infrastructural development.
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