New Delhi: In an effort to boost the sagging economy, Prime Minister Manmohan Singh on Wednesday set an ambitious target of over Rs two lakh crore for infrastructure project investment in the current fiscal. Chairing a meeting of infrastructure ministries, the Prime Minister significantly scaled up coal production target to 584 million tonnes from 539 million tonnes achieved in the last fiscal.

As regards the shipping sector, it was decided to award work for two new major PPP Ports -- one in East Coast (Andhra Pradesh) and the other in West Bengal.

"This year we have set an ambitious target of 44 projects at a cost of Rs 14,500 crore," Shipping Minister G K Vasan said.

On the road sector, the plans are to award 9,500 kms of projects for construction this year, which is an increase of 18.7 percent over the last fiscal.

"The investment (on roads) will rise by 73.6 percent," an official statement said.

In Railways, the plan is to award work on the elevated rail corridor in Mumbai, two new loco manufacturing units at Madhepura and Marhowra. By roping in private companies, it plans to develop a dedicated freight corridor and 4-5 stations.

About coal sector, the government said Coal India will dispatch 470 MT of coal to all sectors, an increase of 8.8 percent. Of this, it will dispatch 347 MT coal to the power sector in FY 12-13 against 312 MT dispatched last year.

On airport, the government said, "Work on Itanagar airport would be commenced by AAI. The total investment on AAI projects will be Rs 2100 crores."

Besides, three new greenfield projects will be awarded in FY 13 at Navi Mumbai, Goa and Kannur (Kerala). Also, new international airports will be declared in 3 or 4 of the following locations this year - Lucknow, Varanasi, Coimbatore, Trichy and Gaya.

An airline hub policy would be finalised and hubs would be operationalised at Delhi and Chennai in FY 2013. Also, by July-end, additional PPP projects would be finalised for 10-12 existing airports and for 10-12 greenfield airports. These would be awarded during the year.

In the power sector, it plans 18,000 MW capacity addition including 2,000 MW by the Kudankulam Atomic Power Project. The power generation target is 930 billion Units, an increase of 6.2 percent.

The meeting was attended by the Ministers and Secretaries of key infrastructure Ministries - Power, Railways, Roads, Shipping, Civil Aviation and Coal.


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