Centre's help sought for Rs 40,000 cr multi-mode projects:Omar

The Centre is being approached to seek the financial assistance for the proposed Rs 40,000 multi-mode mobility projects for Srinagar and Jammu, Chief Minister Omar Abdullah said today.
"A proposal for multi-mode mobility projects for Srinagar and Jammu cities involving over Rs 40,000 crore are under process of getting linked with financial resources," Omar said while laying foundation of Rs 14.87 crore Rehabilitation and Channelisation of Storm Water Drainage System in Channi Himmat here.
"Since the state is not in a position to take up these huge multifaceted projects on its own, the government of India is being approached to get the financial assistance in a phased manner so that these projects are completed and the two cities provided with modern multi-mode transport facility", he said.

Underlining the need for development of new housing colonies on modern lines in the peripheries of Srinagar and Jammu Capital cities, Chief Minister asked the Housing Department to come up with comprehensive projects in this regard.
"In order to decongest the twin capital cities and provide adequate housing facilities to people taking cognisance of the rapid growth, the creation of modern townships are need of the hour", he added.
The CM said as the Chairman of Economic Reconstruction Agency (ERA), he has directed the Agency to concentrate on taking up huge projects like flyovers, mega-water supply schemes, large sewerage and drainage programmes and other high cost big-ticket projects requiring regular flow of funds for completion in a time bound manner.

Omar said that besides two flyovers, one each at Srinagar and Jammu, multi-tier parking complexes, drainage and sewerage projects etc., have also been taken by ERA in the two cities.
"A mega drinking water supply scheme to cater to the needs of greater Jammu upto next 20 to 25 years is being executed under ERA, utilising Asian Development Bank funding," he said.
The Chief Minister also extended Baisakhi greetings to the people on the occasion and wished them well-being and prosperity.