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Foreclose Ongoing Projects Which Are Not Feasible: Jitendra Singh

Foreclose Ongoing Projects Which Are Not Feasible: Jitendra Singh

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  3 Jan 2019 1:17 AM GMT

New Delhi: The DoNER Ministry Jitendra Singh has asked governments in the northeast to foreclose ongoing projects which are “not feasible so that savings from these liabilities can be utilized for other projects.”

Accordingly, the Project Identification Committee (PIC) consisting of DoNER Secretary, Chief Secretary of the concerned States and NEC Secretary has completed the review of projects sanctioned by NEC during 2017-18.

Disclosing this in the Parliament on Wednesday, DoNER Minister Dr Jitendra Singh said that the projects sanctioned by NEC in FY 2017-18 were put on hold to undertake a review of these projects, “necessitated by the need to liquidate the outstanding committed liabilities within the overall allocation to NEC.” Individual cases of fund release to States are dealt with as per the extant Financial Rules.

“The projects in sectors not covered in the new schemes of the NEC, but which are essential and where substantial work has already been done may be allowed to continue as a one-time exception, with the condition that the DPRs would be vetted by the concerned line Ministries,” he said.

Total financial size of the projects-ongoing and new may be restricted to the envelope of Rs 4500 crore. In case savings are anticipated under NERSDS, some amount from NERSDS may be re-appropriated to schemes of the NEC.

Projects where Rs 10 lakh was released as part of first installment and where tenders have not been floated even after the stipulated time may be withdrawn.

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