Assam Cabinet Greenlights Rs 950.43 Crore Loan for Key Infrastructure Projects

News Reporter News Reporter
Tuesday, October 10, 2023
Assam Cabinet Greenlights Rs 950.43 Crore Loan for Key Infrastructure Projects
Rural Roads and Bridges Get a Boost: Assam Cabinet Allocates Funds for Upgrading 90 Rural Roads and Building 4 Rural Bridges.
Guwahati, Assam - October 10, 2023: In a significant development, the Assam Cabinet convened its weekly meeting on October 9, where a series of pivotal decisions were made to advance the state's infrastructure and urban development. The cabinet greenlit projects worth a total of Rs 950.43 crore, signifying a significant investment in the state's growth and prosperity.

One of the foremost decisions taken was the decision to secure a loan of up to Rs 950.43 crore from the National Bank for Agriculture and Rural Development (NABARD). This loan will be allocated for several crucial projects, including the much-needed upgradation of 90 rural roads and the construction of four rural bridges under the Public Works Department (Roads).

Among the other notable decisions made during the cabinet meeting was the in-principle approval for a groundbreaking project titled the "High-Speed Economic Corridor." This ambitious 1000-kilometer road project, set to be developed under the Asom Mala initiative, will have an estimated budget of Rs 3000 crore, further enhancing the state's transportation infrastructure.

Additionally, the cabinet took several key steps to foster urban development and environmental conservation. Funds were allocated to the Sipajhar Municipal Board to initiate projects under the 6th Assam State Finance Commission (ASFC) and the 15th Central Finance Commission (CFC). These funds are crucial for ensuring holistic urban growth and the initiation of development schemes in Sipajhar town.

Moreover, the cabinet granted approval for the declaration of an Eco-Sensitive Zone (ESZ) around the Bherian-Boraian-Padumoni Wildlife Sanctuary in Tinsukia, adhering to the directives of the Supreme Court. This step demonstrates the government's commitment to preserving the natural beauty and biodiversity of the region.

In a move aimed at enhancing administrative infrastructure, the cabinet approved the construction of a state-of-the-art 10-storey office building under the Commissioner of Taxes. With an additional budget estimate of Rs 11.91 crore for supplementary works, this new facility will be equipped with modern amenities such as an upgraded LAN, auditorium, and conference hall.

Furthermore, the cabinet decided to allocate land for the construction of a Judicial Guest House in Kaziranga National Park. This facility, set to be built on 7 bighas of land, will bolster the tourism sector and provide top-class hospitality to state guests and guests of the Gauhati High Court visiting Kaziranga National Park.

Finally, the Assam cabinet revealed its plan to convene upcoming cabinet meetings in various districts from November 2023 to January 2024, aiming to promote local governance. These meetings will take place in Tinsukia in November, North Lakhimpur in December, and Nagaon in January. The district commissioners have been advised to limit expenditures to Rs. 5 lakh and refrain from undertaking new repair works on Circuit Houses and Inspection Bungalows for the purpose of these cabinet meetings.

These decisions reflect the Assam government's commitment to advancing infrastructure, urban development, and environmental conservation, positioning the state for a brighter and more prosperous future.