In a bid to speed up stalled infrastructure projects, the cabinet secretary has decided to write to all the states to fast-track statutory clearances. According to a senior government official, a committee of secretaries that met on Monday decided that within two weeks all infrastructure ministries will submit a list of delayed projects along with the reasons for delay.
A new team has been set up within the cabinet secretariat to review these projects on weekly basis, the official added. The three-member team constitutes an additional secretary and two joint secretaries.
According to government estimates, there are infrastructure projects worth more than Rs 700,000 crore stuck due to some policy or regulatory hurdle.
The move comes in the wake of a recent directive from Prime Minister Manmohan Singh to create as special cell in the cabinet secretariat to clear bottlenecks expeditiously.
According to sources, the PM chaired a meeting on June 1 to discuss the issue after which directions were issued to create an institutional mechanism to track stalled investment projects, in the public and private sectors.
The special cell would be in the nature of a project monitoring group for all large projects and would pro-actively pursue them so that these investment projects are commissioned on time. The special cell would work in close coordination with the Cabinet Committee on Infrastructure and follow up the decisions of the latter.