Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in a meeting with Secretaries of the Department of Water Resources, River Development & Ganga Rejuvenation and Ministry of Health & Family Welfare here today reviewed the progress of National Infrastructure Pipeline (NIP) implementation. The agenda was to discuss the progress of NIP projects, expenditure incurred so far and the initiatives taken to expedite the project implementation. This was the second review meeting by the Finance Minister with various Ministries & Departments to monitor and accelerate NIP project implementation.
It explains in the meeting that despite the pandemic, the NIP has manage to achieve substantial progress. The NIP launches with 6,835 projects, which is now expand to more than 7,300 projects. Many Ministries/departments have shown substantial progress in project implementation and expenditure, especially, in Q2 of FY21. In addition, majority of ministries/departments have target substantially high Infra-expenditure in FY21 than the actual expenditure of FY 20.
In the review meeting, in addition to infra spending along with annual target and achieve expenditure by these two ministries/departments, various initiatives taken by them to expedite were also discussed. 24 projects worth INR 80,915 crore under the Ministry of Health & Family Welfare and 10 large projects worth INR 2,79,604 crore under the Department of Water Resources, RD & GR review in detail along with bottlenecks, if any, being faced in the project implementation.
