News Brief
Government Readies Over Rs 1 Lakh Crore Infrastructure Boost Ahead Of Model Code Of Conduct: Report
Prime Minister Narendra Modi along with his cabinet (representative image) (@airnewsalerts/Twitter )
Ahead of the impending model code of conduct for the upcoming Lok Sabha elections, the Modi government is gearing up for a significant infrastructure boost, with proposals totalling over Rs 1 lakh crore being lined up for approval by the Union Cabinet, according to sources reported by Times Of India.
The next Cabinet meeting, scheduled for Thursday (7 March), is anticipated to review these proposals, with potentially another meeting next week before the announcement of poll dates.
As per reports, an inter-ministerial committee tasked with appraising projects involving private investment has been given the green light for the development of the country's thirteenth major port at Vadhavan in Maharashtra, entailing an investment of Rs 76,000 crore.
Additionally, seven major highway projects with a combined cost exceeding Rs 30,000 crore have also received approval.
Among the projects awaiting Cabinet approval are the Ayodhya Ring Road, Guwahati Ring Road, the six-lane Agra-Gwalior greenfield highway, and the Kharagpur-Siliguri highway stretch.
It's important to note that each project, involving an investment exceeding Rs 1,000 crore and slated for implementation through a public-private partnership, must receive clearance from the inter-ministerial panel before being presented to the Cabinet.
The railway ministry has likewise concluded inter-ministerial consultations for the Rs 4 lakh crore Amrit Chaturbhuj plan, aimed at easing congestion along major corridors.
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