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Eight infrastructural projects were frozen during 2003 and 2004 due to various reasons after incurring an expenditure of Rs.115.40 crore. The reasons include geo-mining problems, fund constraints and land acquisition etc.
The projects belong to Steel, Railways, Petroleum and Shipping and Port Sectors. Steel -- The Hot Dip Galvanizing Line project of SAIL at Dagon in Assam-Frozen till a new suitable venture partner is found; The pig iron plant at Nagaarnar in the Bastar District of Chhatisgarh-Frozen till contract is signed with the Russian firm M/s TPE; Petroleum -- Construction of a product pipeline terminal; an LPG terminal and a project for Food Grade Hexane. While the first two projects are under revision, the Food Grade Hexane Project is under review; Railways -- Harmuti-Itanagar New Line Project of the North-East Frontier Railway; the Dipu(Dhansiri) to Karong New Line also of North-East Frontier Railway. In case of Harmuti-Itanagar, the Alignment has been changed to Badafilo-Manak while the Dipu - Karong Alignment changed to Siribum-Imphal; In Shipping & Ports; the project relate to acquisition of three Bollard pull Tugs from the AGB shipyard Ltd. Mumbai. Since the Contract failed and money recovered, the project is under review.
In addition, five projects belonging to Coal, Petroleum and Telecom have been shelved or privatized.
VKS/SR
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