HPC clears 241 pending projects for Rs 570 cr

Finance Secretary Navin Choudhary presiding over the HPC meeting in Srinagar on Wednesday.
Finance Secretary Navin Choudhary presiding over the HPC meeting in Srinagar on Wednesday.

Will be completed by next financial year
Excelsior Correspondent
JAMMU, Oct 3: A High Powered Committee (HPC) today approved 241 projects across three regions of the State worth Rs 570 crore, which will be recommended for funding through newly constituted J&K Infrastructure Development Finance Corporation Limited (JKIDFC).
The projects approved for completion were languishing for past several years and Governor Satya Pal Malik, soon after taking charge, had sought list of pending projects from the Departments and constituted the HPC to raise loans for their funding and ensure their completion within a year.
Official sources told the Excelsior that projects approved today by the HPC included construction of 26 Kasturba Gandhi Balika Vidyalayas in different parts of the State.
In PWD sector, 55 projects have been approved in Jammu region which included culverts, bridges, roads etc while 79 projects of similar nature have been approved in Kashmir.
Sixty-three projects have been approved under the charge of Ladakh Affairs Department in Leh district only and 18 projects in Kargil, sources said.
The projects were approved at the maiden meeting of HPC convened under the chairmanship of Principal Secretary, Finance, Navin K Choudhary.
Principal Secretary Planning, Development and Monitoring Department, Rohit Kansal and Commissioner /Secretary, Public Works, Khursheed Ahmad, who are members of the HPC, and Secretary School Education, Ajeet Kumar Sahu along with other senior officers attended the meeting.
“Due to a host of reasons, these projects have been lingering for a long time. But now these have been approved for funding through JKIDFC, the officers of the concerned departments will have to ensure that these projects are completed by the next financial year,” Choudhary said.
During the meeting, the HPC approved recommending to JKIDFC the construction of 26 school buildings of J&K’s School Education Department and 151 projects including bridges, etc under Public Works Department, besides projects from other Departments.
The HPC also approved JKIDFC funding worth Rs 179 crore for projects in Kargil and Leh districts of the arid Ladakh region which includes roads, bridges, additional classrooms, playgrounds, sports complex, etc.
Choudhary directed the officers to prepare a comprehensive list of all the projects which are pending in different parts of State due to lack of adequate funding and cost overrun. It was also observed that some of the projects were not taken up due to procedural delays.
The Principal Secretary Finance said that the process for approval of unfunded/languishing projects has formally begun with today’s meeting and such meetings would be held at regular intervals to ensure their assured funding and time-bound completion. He said next meeting of the HPC will be held on Monday in which the unfunded/languishing projects of other departments will be scrutinized and later recommended to the JKIDFC for funding.