NCRPB releases ₹12,441-cr for infrastructure projects
The National Capital Region Planning Board (NCRPB) has released a loan of ₹12,441 crore for various infrastructure development projects till September 27. The Housing and Urban Affairs Ministry informed that the Board has provided financial assistance to 360 infrastructure development projects so far involving an investment of ₹31,464 crore of which, ₹15,105 crore has been sanctioned as loan. Six projects, involving an estimated investment of ₹389.22 crore, were given a go-ahead signal. The National Capital Region Planning Board (NCRPB) borrows from the market and avails loans from multilateral and bilateral agencies. It extends loan assistance to participating states in NCR and their agencies on cheap interest rates for harmonized infrastructure development. The NCRPB has the mandate to prepare a regional plan for the development of the National Capital Region and has the mandate for coordinating and monitoring the implementations of these plans.
📅Published on:
06 October 2020
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