CCI reviews impeding projects cleared in previous meetings

The Cabinet Committee on Investments (CCI) on Tuesday reviewed issues impeding seven big infrastructure ticket projects spread across petroleum, power and steel sectors and status of road projects and fuel supply agreements. 

Sources present in the meeting, chaired by Prime Minister Manmohan Singh also analysed the progress of projects that the high powered committee had taken up in its previous meetings, reports CNBC-TV18’s Rituparna Bhuyan and Anshu Sharma. The seven infrastructure projects on Tuesday’s CCI agenda accounted for Rs 1.6 lakh crore worth of investments, which included the phase 3 expansion of Mangalore Refinery and Petrochemicals (MRPL) (Rs 12,160 crore), JSW's Jharkhand steel plant (Rs 35,000 crore), expansion of IOC's Paradip refinery (Rs 29,800 crore), JSPL's Angul project (Rs 29,300 crore) and Reliance Power’s Tilaiya UMPP, which is plagued by land acquisition problems. According to sources, CCI devoted a considerable amount of time in analysing implementation of projects that it had considered in previous meetings. Since its inception, CCI has addressed problems of about 210 projects worth more that Rs 3,84,000 crore.