The government has decided to set up an inter-ministerial task force to finalise the pipeline of infrastructure projects as it rolls out plans to invest Rs 100 lakh crore to upgrade the network over the next five years.
According to FM Nirmala Sitharaman, “The initiative is expected to boost growth and job creation. These projects would be monitored actively to accelerate capital expenditure and investments in the economy.”
The government has proposed setting up of an organisation to provide credit enhancement for infrastructure and housing projects. This would help increase the debt flow to such projects. To resolve the issue of delayed payments for government projects, announced by Sitharaman. Also, delayed payments from the government and central public sector undertakings would be monitored by the department of expenditure and the performance would be reviewed by the Cabinet secretariat.
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