Rajeev Chandrasekhar's official website - Member of Parliament

 

Government of India
Ministry of Finance


Department of Economic Affairs
RAJYA SABHA
UNSTARRED QUESTION NO. 2807
TO BE ANSWERED ON TUESDAY, THE DECEMBER 15, 2009
24'" AGRAHAYANA 1931, (SAKA)
Development of State Highways in Karnataka

2807. SHRI RAJEEV CHANDRASEKHAR:

Will the Minister of FINANCE be pleased to state:
[a] the projects proposed by the State Government of Karnataka for the development of State Highways on Public Private Partnership (PPP) basis for which the Centre has been requested to bear 20 per cent costs under Validation Gap Funding Scheme of the 'Centre: and
(b) the action so far taken by the Centre on the proposals and by when a final decision is likely to be taken thereon

ANSWER
SHRI NAMO NARAIN MEENA - MINISTER OF STATE FOR FINANCE


(a) Under the Scheme for Financial Support to PPPs in Infrastructure to provide Viability Gap Funding (VGF), till September, 2009, the following proposals were received from Government of Karnataka, in the Ministry of Finance for 'in principle' approval for grant of VGF upto 20 per cent of the Total Project Cost.
1. Improvement to Chikkanayakanahalli -Tiptur Hassan Road
2. Improvement to Dharwad - Ramnagara Road
3. Improvement to Waghari - Ribbanapally Road


(b) The above proposals were initially granted 'in principle' approval in the twelfth meeting of the Empowered Institution held on March 5, 2008. The State Government enhanced the Total Project cost for the above projects and 'in principle' approval for enhancement of Total Project cost and VGF was approved in the18th Meeting of the Empowered institution held on July 2, 2009. The 'in principle' approval was granted for Viability Gap Funding for above projects amounting to Rs. 45.16 crore; Rs.47.52 crores; and Rs. 49.10 crores respectively.