Continuing its strategy to concentrate on infrastructure projects to push the economy, the government has cleared two port projects and five highway projects involving a total investment of Rs 5,220 crore. The projects will be implemented under public-private partnership route.
Finance ministry officials said after clearing the projects that the largest among those cleared was in Tamil Nadu which involves broadening of Trivandrum-Krishnagiri part of national high way 66. The project will be executed at a total cost of Rs 1,075 crore.
The government has in recent months been involved in clearing a number of infrastructure-related projects in its efforts to raise the level of investment in a slowing economy. Economists believe that activities like infrastructure development can provide the much needed momentum to the slowing economy through its significant forward and backward linkages.