Madhya Pradesh tops country in road projects, as many as 40 projects costing Rs 5,381.51 crore have been completed under PPP mode in Madhya Pradesh so far. Besides, 113 projects costing Rs 13,362 crore are under construction. The State is number one in completing road projects under PPP mode.
This was informed at a meeting chaired by Finance and Commercial Taxes Minister Jayant Malaiya to review PPP projects here on Monday. Malaiya said that projects as per Madhya Pradesh Government’s Vision Document 2018 should be started at the earliest. He directed to accelerate pace of ongoing PPP projects.
It was informed that 209 PPP mode projects costing Rs 24,000 crore are under various phases of construction. These include 147 roads costing about Rs 18,000 crore being constructed under PPP mode. So far, 40 road projects costing Rs 5,352 crore have been completed. A cell is operating in Directorate of Institutional Finance to accelerate pace of projects. Commissioner Institutional Finance is working as the nodal officer for PPP projects. Besides, the State Government has signed a MoU with International Finance Corporation for developing PPP projects.
The meeting was informed that 30 projects costing Rs 4,710 crore 38 lakh are in the pipeline while 26 projects costing Rs 2,900 crore are under bidding. The meeting also held extensive discussions on Bhopal bypass 4-lane project, Pawarkhera logistics hub, setting up of steel silos and projects included in Vision Document.