NCR board changes fund pattern, to issue grants | india | Hindustan Times
Today in New Delhi, India
May 26, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

NCR board changes fund pattern, to issue grants

Meeting after a gap of two-and-a-half years, the National Capital Region Planning Board (NCRPB) on Thursday approved a new funding pattern for infrastructure projects to ensure rapid development in the NCR region.

india Updated: Mar 23, 2012 00:20 IST
HT Correspondent

Meeting after a gap of two-and-a-half years, the National Capital Region Planning Board (NCRPB) on Thursday approved a new funding pattern for infrastructure projects to ensure rapid development in the NCR region.

As part of this, the Centre would for the first time provide 15 per cent of the project cost as grant against loan and Viability Gap Funding for works carried out in Public Private Partnership mode, specifically for water and sewerage projects.

“The NCRPB was only issuing loans to states till now. Now, we will give a 15 per cent grant to state governments for projects,” said urban development minister Kamal Nath. The grant, Nath said, would be issued for sewage and drainage projects.

Besides, the four-member states of NCRPB also reiterated that the implementation of Rapid Rail Transport System that would connect the satellite cities with the national capital would be put on fast track.

“The NCRPB would meet within three months to deliberate more on the issue. We are working on three routes — Panipat-Sonepat-Delhi, Meerut-Ghaziabad-Gurgaon-Delhi and Palwal-Rewari-Delhi,” Nath said.

Nath also stressed on the sub-regional plans to infuse development in all areas of the NCR and said some states were still working on their master plans.

Besides Nath, others who attended the meeting included Haryana CM Bhupinder Singh Hooda and Delhi L-G Tejinder Khanna among others.

Nath dismissed all questions about projects in UP not being given due importance, and said the state would be given its due.

The NCRPB has till date given loans to 265 projects in the region worth R18,000 crore, of which Haryana topped the list with R5,089 crore. Then came Uttar Pradesh, followed by Delhi and Rajasthan.