Three infrastructure projects of roads and railways have been recommended for approval under the PM Gati Shakti initiative, said an official statement, on Thursday. These projects are worth Rs 9,600 crore. On October 17, these schemes were assessed in the 64th Network Planning Group (NPG) meeting.
“During the meeting, the NPG discussed three proposed greenfield projects of the Ministry of Railways (1) and Ministry of Road Transport and Highways (2), with an aggregate project cost worth about Rs 9,600 crore,” said the commerce and industry ministry, reported PTI.
Every fortnight, the inter-ministerial NPG meets. It appraises infra schemes to ensure multi-modality, synchronisation of efforts, and complete development in and around the project area.
The initiative was introduced to develop an integrated infrastructure. This will in turn reduce logistics costs. All logistics and connectivity infrastructure schemes, entailing investments of over Rs 500 crore are routed through the Network Planning Group.
The approval of NPG is needed before clearance of the project by the Public Investment Board (PIB) or Department of Expenditure under the finance ministry. So far, the maximum projects recommended by the group are related to urban development, roads, and railways.