The council of ministers, which met here under the chairmanship of Chief Minister captain Amarinder Singh, also decided to hand over the work of developing the area around Thein Dam at the Ranjit Sagar Lake as a tourism-theme destination to the Punjab Infrastructure Development Board (PIDB).
"The move would help relieve the cash-strapped state government of an unnecessary financial burden", an official spokesperson said, giving details of the cabinet decision.
The cabinet noted that the Shivalik Dhauladhar Tourism Development Board had initiated the process of development of a tourist destination around the lake in PPP mode by taking funds from PIDB.
In 2014, the Parkash Singh Badal government had constituted the Board to exploit the "huge potential" for tourism in sub-mountain regions along Shivalik hills.
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