The Cabinet Committee on Economic Affairs (CCEA) has approved the creation of an intra state transmission system in the States of Andhra Pradesh, Gujarat, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra and Rajasthan at an estimated cost of 8548 crore rupees. Speaking to reporters, Finance Minister Arun Jaitley said National Clean Energy Fund (NCEF) will contribute 3,419 crore rupees for this project.<br/><br/>The activities envisaged under the project includes establishment of 48 new Grid sub-stations of different voltage levels with total transformation capacity around 17,100 MVA (Mega Volt Ampere) by installing over 7,800 ckt-kms (Circuit Kilometers) of transmission lines in these seven states. The project is proposed to be completed within a period of three to five years. <br/><br/>The Cabinet Committee on Economic Affairs has also given its approval for development of the six lanning of Eastern peripheral expressway in Haryana and Uttar Pradesh. Speaking to reporters in New Delhi, Finance minister Arun Jaitley said the cost is estimated to be 7,558 crore rupees including 1,759 crore rupees for land acquisition, resettlement and rehabilitation activities. The main object of the project is to expedite the movement of infrastructure in the states of Haryana and Uttar Pradesh. The development of this stretch will also help in uplifting the socio-economic condition of the concerned regions of the state.