The Cabinet Committee on Investment Tuesday reviewed the progress on infrastructure projects worth about Rs 1.6 lakh crore and discussed ways to overcome hurdles that are delaying them.
New Delhi: The Cabinet Committee on Investment Tuesday reviewed the progress on infrastructure projects worth about Rs 1.6 lakh crore and discussed ways to overcome hurdles that are delaying them.
"Wherever there were bottlenecks which have not been cleared within the time line, those bottlenecks are being unblocked," sources said.
The projects reviewed were across key infrastructure sectors such as roads, power and petroleum, among others.
According to sources, the Ministry of Road Transport and Highways submitted a presentation to the CCI on how issues such as delays in land acquisition, environment and forest clearances are affecting the progress of highway construction and the ministry's attempts at alleviating the impact.
The CCI had asked the Road Ministry in January this year to prepare a list of hurdles in the sector and find solutions to mitigate the problems.
The Road Ministry has set a target of awarding 9,000 km of projects in 2013-14. In 2011-12, the ministry awarded 1,933 km of projects as against the target of 9,500 km.
This year, the ministry is hopeful of completing 4,500 km of roads.
The CCI was set up to identify key infrastructure and manufacturing projects to be implemented in a time-bound manner, requiring investments of Rs 1,000 crore or more.
At its previous meeting, the CCI approved infrastructure projects worth Rs 1.83 lakh crore in the power, steel and oil and gas sectors.