Large projects to get a CCI boost
The new Cabinet committee’s overriding powers will be used for clearing “unduly delayed projects”.
The existing Cabinet Committee on Infrastructure would be dissolved and all its functions will vest with CCEA. Projects in sectors such as ports, railway, petroleum, railway, roads and mining (especially coal) will benefit from the fast-track clearing mechanism.
Another key proposal which won the Cabinet nod is the new Land Bill that seeks to replace the 117-year-old Land Acquisition Act of 1894. The Bill makes it mandatory for the government, if it acquires any land for a project involving public-private partnership (PPP), to obtain the consent of 70% of land owners. However, if a private entity wants to acquire land for private use, consent of 80% of land owners is mandatory. The Bill also has a new section listing projects that will expand on the definition of “public purpose” for PPP projects. Industrial corridors, mining projects, national investment zones and national manufacturing zones are the categories which will fall under PPP. The Bill also has provisions for penalty for those who furnish false information regarding R&R – one-month jail or Rs
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