Government sanctions Rs 627.44 crore assistance for Northeast Infrastructure Development
The provided financial aid aims to enhance infrastructure, particularly focusing on inter-state border roads in Assam.
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The Central government Ministry of Development of Northeast Region [DONER] has sanctioned a total of Rs 627.44 crore during the current financial year. The funds are allocated under the North East Special Infrastructure Development Scheme [NESIDS] for Roads and schemes under the North Eastern Council [NEC].
The provided financial aid aims to enhance infrastructure, particularly focusing on inter-state border roads in Assam. As per the recent report, around total of 11 projects worth Rs 625.34 crore have been sanctioned under NESIDS Roads implemented through the North Eastern Council [NEC] in the current financial year, 2023-24.
Along with this, one project with a cost of Rs 2.10 crore has been sanctioned under the schemes of the NEC. For the state of Assam, two projects under NEC and seven under NESIDS [Roads] have been allocated and out of these, two projects in Assam have already been sanctioned under NESIDS Roads in the current fiscal year.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThese projects include the improvement and widening of the Road from Chaygaon to Ukium on the Assam-Meghalaya border [Length 22.20km] with a sanctioned amount of Rs 102.69 crore and upgrading the Interstate Road from Sonapur to Byrnihat in the states of Assam and Meghalaya [Length 17.95km] with an estimated cost of Rs 62.24 crore.
The projects sanctioned for the Northeast in the current financial year are currently at a preparatory stage to further enhance the region’s infrastructure.
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