In a resounding testament to the success of the PM Gati Shakti initiative, four substantial infrastructure projects, encompassing roads and railways, have been recommended for approval, amounting to a staggering sum of Rs 19,520.77 crore, as disclosed in an official statement released on Wednesday.
The Network Planning Group (NPG) has diligently assessed these four projects during the 57th NPG meeting held on October 17. The cumulative value of projects scrutinized by NPG stands at a commendable Rs 11.70 lakh crore, since the inception of PM Gati Shakti.
The quartet of projects in question includes three from the Ministry of Road Transport and Highways and one from the Ministry of Railways, amassing a total project cost of Rs 19,520.77 crore, as affirmed by the Commerce and Industry Ministry.
The inter-ministerial NPG convenes bi-weekly, serving as the vanguard in evaluating infrastructure undertakings to guarantee multi-modality, harmonized efforts, and holistic development in the vicinity of the project locations.
The PM Gati Shakti initiative was instated with the purpose of fostering an all-encompassing infrastructure system aimed at diminishing logistics costs. All logistics and connectivity infrastructure ventures, involving investments exceeding Rs 500 crore, are routed through the NPG for their critical appraisal.
Crucially, the imprimatur of the NPG is deemed a prerequisite before any project can be cleared by the Public Investment Board (PIB) or the Department of Expenditure under the Ministry of Finance.
It’s worth noting that the preponderance of projects recommended by the NPG predominantly pertains to roads, railways, and urban development, underscoring their paramount significance in India’s growth trajectory.
In sum, the PM Gati Shakti initiative continues to play a pivotal role in propelling the nation’s infrastructural growth to unprecedented heights.
