PM okays funding of Asom Railway projects
NEW DELHI, Aug 23: Prime Minister Manmohan Singh has approved funding of the
Bogibeel Rail-cum Road Bridge and the Rangia-Murkongselek gauge conversion
projects at a cost of Rs 1,980 crore. Additional Budgetary support will be
given to the Railways to complete the projects, PMs Media Advisor Sanjaya Baru
said in a statement today. A detailed milestone map with target dates is to be
prepared for these projects with indication of annual requirement of funds. The
Ministry of Railways will set up a dedicated fund for these projects to ensure
timely implementation. The cost overruns will be funded by the Railways from
internal resources. The Prime Minister has directed that a uniform funding
pattern, on the same lines, be extended to the remaining five sanctioned
National Projects for the north-eastern region. A dedicated fund called the
North East Rail Development Fund will be set up for the timely completion of
these projects. The projects will be completed in five years. The
Ministry of Railways will submit a proposal for the approval of the Cabinet.
UNI
(The Sentinel,24.08.07)
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