Project monitoring group may help get faster clearance in UP
The Uttar Pradesh government on Thursday decided to set up a self-financed project monitoring group (PMG) to facilitate clearances for infrastructure projects. The initiative is inspired by the Centre’s successful experience in kickstarting stalled investment projects. Four crucial projects held up for the last few years due to lack of clearances has been cleared by the state government — six-laning of the Varanasi-Aurangabad expressway project, an inter-state HPCL pipeline, SSA for road projects and Prayagraj Power generation Co.
Anil Swarup, additional secretary & chairman of the cabinet committee on investment (CCI)’s project monitoring group (PMG) confirmed the development. PMG will handle projects that are worth more than R1,000 crore.
Swarup added the information will be available on internet and the projects will be monitored as per the deadlines agreed to with the state government.
It is noteworthy to mention that UP is the 11th state to put in place an agency like PMG.
Source: The Financial Express
cabinet committee on investment, CCI, inter-state HPCL pipeline, PMG, Prayagraj Power generation Co, UP, Uttar Pradesh, Varanasi-Aurangabad expressway
