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Declaring Projects of Strategic Importance as National Projects

Declaring Projects of Strategic Importance as National Projects
Declaring Projects of Strategic Importance as National Projects

 

Projects important from strategic viewpoint in Jammu and Kashmir and North Eastern Region or developmental projects which result in greater integration of these regions with the rest of India, could be categorized as National Projects.

At present, there are 11 ongoing National Projects out of which 10 fall in North Eastern Region and one in Jammu & Kashmir State. Presently, no proposal to declare any further project as National Project is under consideration.

Adequate funds have been provided for the ongoing National Projects in the current financial year and railways is not facing any such financial crisis. Railways has to depend on Gross Budgetary Support (GBS) for network expansion and other infrastructure development works, as most of these projects are unremunerative and are sanctioned on socio-economic and strategic considerations. Presently, there is a large shelf of ongoing projects and Ministry of Finance has been requested from time to time to give higher allocation to Ministry of Railways for completion of such projects. As a result, Railways got the highest GBS of Rs. 40,000 Crore in 2015-16 which is 33% higher than 2014-15 revised estimate. Provision for institutional financing has been kept in the Budget of the current year for critical capacity enhancement works.

This information was given Minister of State in Ministry of Railways Shri Manoj Sinha in a reply to a question in Rajya Sabha Yesterday

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