Rs 49 crore Jambu Zoo among 17 projects cleared for funding under JKIDFC
Jammu: In its 9th High Powered Committee (HPC) meeting held under Financial Commissioner (Finance), Dr Arun Kumar Mehta, JK Infrastructure Development Finance Corporation (JKIDFC) today approved 17 projects for funding.
The projects were submitted by the line departments for funding by the Corporation.
Projects worth over Rs 110 crore were approved in the HPC meeting. These are prestigious Jambu Zoo project, costing Rs 49.17 crore, 8 projects of Higher Education department amounting to Rs 33.96 crore, 3 of Horticulture department worth Rs 13.50 crore, 4 of Youth Services and Sports Department worth Rs 9.76 crore and 1 of PHE worth Rs 3.64 crore.
Speaking at the meeting, Dr Mehta underscored the need for completing all the approved projects within the stipulated time frame. He directed the officers to start the work and inform about the date of commencement of work of each sponsored project to the Corporation.
The Financial Commissioner also asked the officials to deliver what they have committed. He directed the engineering departments to lay major focus on the works for creation of public utilities. He further advised them to project major projects of high public importance, not taken up for want of funds, to JKIDFC for funding as this Corporation has been created for that purpose.
Dr Mehta also directed the officers to get the administrative approval of each project and float e-tenders against each work. He asked them that in no case should there be any duplication of funding.
The FC also directed the JKIDFC to consolidate all the details of the completed projects and bring out a compendium of these works.
Later, the FC also reviewed the untouched projects funded under JKIDFC. He urged the officers to accelerate the pace of work on these projects and prefer bills as soon as the works are completed. He stressed that the Corporation has been created to complete public infrastructure projects languishing for a long time or those of utmost significance. He exhorted upon them to work efficiently to achieve the principal motive of the Corporation.
Pertinently, most of the projects funded by JKIDFC include creating public utilities like roads, bridges, water supply schemes, sports facilities, educational institutions and industrial estates.