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PM to review progress of infra projects in Q1

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Press Trust of India New Delhi

Prime Minister Manmohan Singh will conduct a first quarter (April-June) review on the progress of five infrastructure sectors, including roads, railways and power, vis-a-vis the targets fixed by the Plan panel in a Cabinet meeting tomorrow.

"The Prime Minister would review the first quarterly report of the five infrastructure targets prepared by the Planning Commission in a Cabinet meeting scheduled tomorrow," a source said.

Without divulging details about the performance indicators for the five sectors, the source said, "It could be made out from the review that the mechanism has worked, as there was considerable improvement in performance compared to targets."

 

Earlier, in May this year, the Planning Commission had set up a mechanism for quarterly monitoring of projects in five infrastructure sectors in order to facilitate taking corrective steps to expedite implementation.

The panel had been mandated by the Prime Minister to set up the monitorable targets on a quarterly basis and report the progress to the Cabinet Committee on Infrastructure (CCI) so that the government can take a decision.

The important targets for 2010-11 include setting up additional power generation capacity of 20,359 Mw, development of 2,500 km of highways and 1,019 km of new rail lines. During 2009-10, only 9,585 Mw of electricity generation capacity was added against the target of 14,507 Mw and 2,008 km of highways were constructed against the target of 3,165 km.

As far as railways are concerned, only 85 km of new lines were added during April-December, 2009, against the full financial year target of 250 km.

The investment in the infrastructure sector during the 11th Plan (2007-12) would be close to the target of $500 billion, with over 30 per cent coming from private sector.

The investment target for the infrastructure sector in the 12th Plan (2012-17) is likely to be fixed at $1 trillion, with the private sector contributing about 50 per cent of the total estimated outlay.

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First Published: Sep 08 2010 | 9:12 PM IST

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