The government today said it has cleared nine road projects costing about Rs 11,597 crore from four states including Maharashtra and Bihar.
The road projects totalling 1,226.11 km were cleared by the Empowered Committee (EC) under the Scheme for Financial Support to Public Private Partnership (PPPs) in Infrastructure (viability gap funding scheme).
“These projects are at an advanced stage of bidding/ construction and are expected to result in disbursal of (about) Rs 500 crore from the Government of India during the
current financial year 2012-13,” the Finance Ministry said in a statement.
The viability gap funding (VGF) under the scheme would be to the tune of Rs 2,295.06 crore.
The other two states which will benefit from the approval are Andhra Pradesh and Uttar Pradesh.