Three mega infra projects worth Rs 25,000 cr cleared

New Delhi : The government on Friday gave regulatory clearances to three mega infrastructure projects involving an investment of Rs 25,000 crore. These are the first among a few projects the government has shortlisted to be put on a fast track.

The projects cleared on Friday were of Hinduja National Power Corporation Ltd in Vishakhapatnam, L&T Metro Rail (Hyderabad) Ltd, and Simhapuri Expressways Ltd in Andhra Pradesh. These had been held up because of regulatory bottlenecks.

“The government should take steps to see the clearance of projects is fast-tracked… The clearances have been given for projects that will now be implemented. It is expected clearances for the rest of the projects will be given before the next meeting," department of financial services secretary D K Mittal told reporters after a meeting chaired by finance minister Pranab Mukherjee to review the projects.