CCI asks govt to clear decks for stranded infra projects in next 60 days

New Delhi: The Cabinet Committee on Investment has decided to ask ministries concerned to clear expeditiously as many as 36 infrastructure projects stuck due to delay in sanctions, sources said.

The panel, in its meeting today, decided that all the pending approvals for 36 core sector projects, including 28 power plants, by ministries concerned should be given in the next 60 days, sources said.

[caption id="attachment_1062931" align="alignright" width="380"] Reuters[/caption]

In its last meeting, the CCI cleared the proposal of setting up two hydro power projects in Arunachal Pradesh. The panel has so far cleared 171 projects worth Rs 1.69 lakh crore.

The government set up the CCI, headed by Prime Minister Manmohan Singh, to expedite decisions on approvals for implementation of projects.

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The stalled projects are initially tracked by a project monitoring group wherein ministries or department concerned discuss issues that are adversely impacting implementation of the identified projects.

A web-based information system has also been put in place wherein entrepreneurs can provide details of their project as well as the issues that are inhibiting smooth implementation.

Based on the discussions, efforts are made to expedite clearances approval and the final decisions or unresolved policy issues and clearances are taken by CCI.

Earlier this month, Coal India Board approved signing of FSAs for a capacity of 78,000 MW. The company has so far signed 82 FSAs of 34,793 MW capacities.

PTI