Sunday, March 3, 2013

Haryana to invest 50,000 cr in different projects

by Haryananewswire
Taking the Public Private Partnership (PPP) route to leverage own funds with funds available with the private sector to give infrastructure the much-needed thrust, the Haryana Government has decided to invest Rs 50,000 crore in different projects in six core sectors across the state during the 12th Five Year Plan.
Disclosing this here today, an official spokesman said that the Committee of Secretaries on Infrastructure had already approved certain projects for implementation. The sectors which will attract investment included roads and highways, healthcare, education and skill development, tourism, urban transport system and water supply, sanitation and public utilities in both urban and rural areas.
The state government plans to appoint transaction advisors to prepare a basket of projects in each of these segments for implementation.Besides drawing on own resources, the state government intends to plough in the private sector for bringing investment in infrastructure development all over the state in the PPP mode.
   The Infrastructure Development Fund (IDF) and the Infrastructure Augmentation Charges (IAC) which, between them, have a corpus of more than Rs 1,500 crore with regular revenue stream every year, will be utilized by the Haryana Infrastructure Development Board to be constituted under the chairmanship of the Chief Minister, Mr Bhupinder Singh Hooda.
He said that the state government had also decided to utilize the Building Construction Workers Cess Fund which is not being utilized optimally. These funds would be used to build infrastructure, including dispensaries, poly-clinics, anganwadis, primary schools, sewerage and public health facilities including drains, public toilets. The infrastructure in areas, largely inhabited by building construction workers, can also be utilised by other poor people. The state government would be able to galvanize about Rs 1,000 crore in one or two years for the purpose, he added.

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