CCI clears Rs 1.83 lakh cr infra projects:FM

Chidambaram said apart from power sector projects, where fuel supply agreements (FSAs) will now be signed by September 6 instead of earlier deadline of August 31, there are nine projects with a total outlay of over Rs 14,084 crore, where the banks have disbursed Rs 1,484 crore.

"There are no issues related to nine projects that are pending. All of them have been resolved. Only action taken reports are required to be sent from time to time to be placed before the CCEA by concerned ministries," he said. Another nine projects reviewed by the CCI involved an investment of over Rs 85,000 crore. The Finance Minister further said that banks have already disbursed as much as Rs 30,000 crore for the power sector projects and with clearances in place they would provide more funds for these projects. On land acquisition problems, one of the major causes of delays in projects, Chidambaram said, "After the Food Bill, the one listed is Land Bill. Now that the (Food) Bill is passed, the next item on the list will be Land Acquisition Bill.