Tag: Ministry of Urban Development

NCRPB to support transport infra projects worth Rs 7,838 cr in UP, Haryana

20/01/2016 08:50

In a major decision, the National Capital Region Planning Board (NCRPB) on Tuesday decided to support 9 transport infrastructure projects in Uttar Pradesh and Haryana that will substantially improve traffic flow besides reducing pollution benefitting Delhi and adjoining areas.

“The project sanctioning & monitoring group of NCRPB chaired by Madhusudhan Prasad, Secretary, Ministry of Urban Development today discussed these projects costing Rs.7,838 cr and decided to support them with a total loan assistance of Rs.3,113 cr,” Ministry of Urban Development said in a statement.

According to B.K.Tripathy, Member-Secretary, NCRPB, this was the highest loan assistance approved in a single meeting of the Board.

Two infrastructure projects in Uttar Pradesh will cost Rs.6,681 cr for which NCRPB will provide a loan of Rs.2,287 cr. Haryana has proposed projects 7 projects at a total cost of Rs.1,157 cr and will get a loan of Rs.726 cr.