Jammu Tawi, Jan 09
In its 9th High Powered Committee (HPC) meeting held under Financial Commissioner (Finance), Dr Arun Kumar Mehta, JK Infrastructure Development Finance Corporation (JKIDFC) today approved 17 projects for funding.
The projects were submitted by the line departments for funding by the Corporation.
Projects worth over Rs 110 crore were approved in the HPC meeting. These are prestigious Jambu Zoo project, costing Rs 49.17 crore, 8 projects of Higher Education department amounting to Rs 33.96 crore, 3 of Horticulture department worth Rs 13.50 crore, 4 of Youth Services and Sports Department worth Rs 9.76 crore and 1 of PHE worth Rs 3.64 crore.
Speaking at the meeting, Dr Mehta underscored the need for completing all the approved projects within the stipulated time frame. He directed the officers to start the work and inform about the date of commencement of work of each sponsored project to the Corporation.
The Financial Commissioner also asked the officials to deliver what they have committed. He directed the engineering departments to lay major focus on the works for creation of public utilities. He further advised them to project major projects of high public importance, not taken up for want of funds, to JKIDFC for funding as this Corporation has been created for that purpose.
Dr Mehta also directed the officers to get the administrative approval of each project and float e-tenders against each work. He asked them that in no case should there be any duplication of funding.
