Monitoring of implementation of 99 infrastructure projects, with investments worth Rs 3.6 lakh crore will start by the Prime Minister’s Project Monitoring Group now. The Group has already cleared the 3.6 lakh investments.
The projects, which have been cleared by the PMG and Cabinet Committee on Investments (CCI), include Sterlite Energy’s project worth Rs 12,000 crore, Adani Mundra’s thermal power project worth Rs 9,900 crore, Lanco’s Rs 6,000-crore plant, Mumbai Airport New Terminal worth Rs 12,000 crore and Jhajjar Power’s project worth Rs 6,600 crore.
Bank funds worth about Rs 7 lakh crore are locked in these projects that were stuck due to various reasons, including environment clearance. According to the Project Monitoring Group’s head Anil Swarup, now that the projects have been cleared, the next step is to ensure that they are implemented in a timely manner.