PMG monitors progress of Rs.48.94 lakh crore projects
Minister of Commerce & Industry Piyush Goyal has underlined the need to address issues being faced by implementing agencies on priority to ensure timely completion of projects through the Project Minitoring Group (PMG).
He made the call on 25 Jan 2022 during a review of PMG which is monitoring 1,351 under implementation projects worth approximately Rs.48.94 lakh crore.
The portal lists infrastructure projects being undertaken by ministries such as Road, Transport and Highway, Railways, Petroleum and Natural Gas, New and Renewable Energy and Power among others are listed on the portal.
The PMG mechanism allows project proponents to raise issues with concerned government agencies which are causing hindrances in implementation of projects.
The portal of Invest India is a unique institutional mechanism to facilitate resolution of bottlenecks in infrastructure projects with investments upward of Rs.500 crores. It is conducting milestone-based monitoring of such projects.
Issues raised on the portal pertain primarily to land acquisition (about 40%); grant of right of use and right of way (25%); and forest, environment and wildlife clearances (14%).
Goyal has directed that regular meeting be held with State Governments and Central Ministries to ensure timely resolution of issues.
Since 1 April 2021, 389 issues have been resolved and 22 meetings have been conducted with Central Ministries and State Governments by DPIIT.
It is noteworthy that through the PMG mechanism there has been an increased level of coordination among Central Ministries, State Governments and implementing agencies to ensure timely completion of large-scale infrastructure projects, said the Ministry.
In 2021, PMG also incorporated milestone based monitoring of projects. This feature will allow for forecasting delays in projects to avoid time and cost overruns and identify agencies and authorities responsible for delays.
Once enlisted on PMG, the projects and corresponding issues are taken up for resolution through meetings with State Governments and Central Ministries.
The portal provides for seamless flow of information as all stakeholders concerned with a project have access to the portal and through regular updates and meetings, issues are addressed in a time-bound manner.
The Commerce and Industry Minister has been closely monitoring activities on PMG portal and conducted a review of select projects in June 2021.
Under the Minister’s guidance, 687 projects worth Rs.17.9 lakh crore have been brought on PMG for monitoring and timely completion since 1 April 2021. fiinews.com
