SRINAGAR The state government has directed the departments to speedup up the pace of languishing projects, which were earlier cleared earlier by the J&K Infrastructure Development Finance Corporation (JKIDFC).
Official sources said that in the last two months, the High-Powered Committee (HPC) constituted for ensuring assured funding of languishing projects has cleared around 1200 languishing projects at an investment of Rs 2,720 crore. To expedite the completion of the projects, the state government on September 5 set up J&K Infrastructure Development Finance Corporation for spending up to Rs 8,000 crore on completing unfinished infrastructure projects. An official of JKIDFC said that heads of departments have been told that approved projects would be funded for the time-bound completion.
The executing agencies have been directed to ensure photograph of each project before the start of work and as well as after completion. They would upload the same on the official websites for the information of all stakeholders, the official said.
The direction has come after it was reported that the departments were delaying implementation of projects. Officials were asked to initiate the process within two weeks, but even after around 2-months many departments have not taken any action so far.
As per the documents of Finance Department, it has been directed that it shall be the responsibility of concerned administrative department to formulate a mechanism for settlement of payment. The administrative secretaries shall complete all formalities within a period of two weeks with intimation to Finance department. They shall formulate a broad based mechanism for DPT and timely transfer of funds on real time basis to meet the objectives of completion of languishing projects, the document reads.
On October 3, the government approved 241 projects across Jammu and Kashmir worth Rs 570 crore to be recommended for funding through newly constituted JKIDFC. Similarly, on October 11, the government cleared 315 projects of PHE, Tourism, R&B, Health and Industries and Commerce departments involving an amount of Rs 812 crores.
As per the figures at least 2300 development projects in Jammu and Kashmir are lying incomplete for want of funding. A number of these projects had started in the 1990s.
These projects have been lingering for a long time. The officers of the concerned departments have been directed to ensure that these projects are completed by the next financial year, the official said.
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