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Govt clears 9 road projects worth Rs 11,597 cr

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Press Trust of India New Delhi

The road projects totalling 1,226.11 km were cleared by the Empowered Committee (EC) under the Scheme for Financial Support to Public Private Partnership (PPPs) in Infrastructure (viability gap funding scheme).

"These projects are at an advanced stage of bidding/ construction and are expected to result in disbursal of (about) Rs 500 crore from the Government of India during the current financial year 2012-13," the Finance Ministry said in a statement.

The viability gap funding (VGF) under the scheme would be to the tune of Rs 2,295.06 crore.

The other two states which will benefit from the approval are Andhra Pradesh and Uttar Pradesh.

 

  

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First Published: Sep 20 2012 | 2:55 PM IST

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