Government clears infra projects worth Rs 5,220 crore
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.
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