Empowered Institution (EI) Approves PPP Projects Worth Rs. 1369.51 Crores

The Empowered Institution (EI) in its Fifty-third (53rd) meeting granted approval to five (5) projects worth Rs. 1369.51 crore. Two (2) Projects granted in-principle approval were from Government of Madhya Pradesh for setting-up of 50,000 MT Modern Food Silos at Indore and Bhopal each. The EI also granted final approval to three projects approving a total Viability Gap Funding (VGF) of Rs. 260.92 crore. These comprised two road sector projects and one in the power transmission sector as follows, ‘Two laning of Guna - Ashok Nagar - Ishagarh (SH 20) road’ in the State of Madhya Pradesh and ‘Four laning of Mohania - Ara Section of NH 30 in the state of Bihar and ‘Development of 400 KV DCDS Sarni (Satpura) - Ashta transmission line project for evacuation of power from 2X250 MW extension units at Satpura Thermal Power Station’ in the state of Madhya Pradesh. The aforesaid Fifty-third (53rd) meeting of the Empowered Institution’s (EI) was held here yesterday under the Chairmanship of Dr Arvind Mayaram, Secretary, Department of Economic Affairs, Ministry of Finance.