For the current financial year, the government will not meet its infrastructure investment target as hardly any progress made in five of the nine projects identified by the Planning Commission in consultation with the Prime Minister's Office.
In this background, the PMO (Prime Minister's Office) has been suggested to review the infrastructure targets set in June based on the progress on each of the identified projects. In a meeting with Prime Minister Manmohan Singh last week, the Commission asked the PMO to review these targets in the wake of dismal performance of some big-ticket projects.
The Prime Minister is the chairman of the Planning Commission. The Commission had six months ago identified nine projects worth Rs 1,15,000 crore that could have been awarded this year.
These include the Rs 30,000-crore Mumbai Elevated Rail Corridor, two locomotive projects worth Rs 5,000 crore, a dedicated freight corridor worth Rs 10,000 crore, a port project in West Bengal or Andhra Pradesh involving investments ofRs 10,000 crore, two airport projects worthRs 20,000 crore and two power and transmission projects worth Rs 40,000 crore.