J-K to set up infra finance corp to finish pending projects

The Jammu and Kashmir government Wednesday approved setting up of Infrastructure Development Finance Corporation (JKIDFC) for completing unfinished and long-pending projects worth Rs 8,000 crore in the state.

"Today the government approved a major initiative through setting up of the J&K Infrastructure Development Finance Corporation (JKIDFC). Through JKIFDC, government will spend up to Rs 8000 crore on completing unfinished/languishing infrastructure projects which are there all over the state," an official spokesman said.

The spokesman said many of the projects were started several years ago and their incomplete status is a great inconvenience to the people.

He said Governor Satya Pal Malik has appealed to all elected representatives to come forward and join hands with the government in addressing the needs of the public.

"Elected representatives being the custodians of the 'public interest' have an enormous responsibility to project the concerns, problems and priorities of their constituents before the government for redressal in a time bound manner," the spokesman said.

He said the Governor's administration in consultation with elected representatives, is single-mindedly committed to ensure equitable development of all regions of the state.

The government urged the elected representatives to identify and prioritise all such incomplete or languishing works that are critical for their respective constituencies from the public stand point.

"Elected representatives are further requested to project ongoing or incomplete developmental projects in their constituencies which are at different stages of execution and require funding for their timely completion. These could be roads, bridges, drinking water schemes, school building, medical facilities and so on," he added.

The spokesman said the elected representatives can forward their requests through the concerned Deputy Commissioner or directly to the Planning Development and Monitoring Department of the state government.