Government has set up an investment target of 1.15 lakh crore rupees for Public Private Partnership(PPP) projects in infrastructure sector in the next six months.

The proposals include Mumbai elevated rail corridor of 30 thousand crore rupees and two international airports in Bhubneswar and Imphal and power and Transmission projects. A steering group is also being set up to monitor the award and implementation of infrastructure projects.

The decisions were taken at a meeting chaired by Prime Minister Dr. Manmohan Singh with key infrastructure Ministers in New Delhi today. The meeting was convened to finalise the infrastructure targets for the current financial year

According to an official release, Government has also decided to put in place new policies for ramping up coal production in the country. The Prime Minister also set the target to build eight Greenfield Airports in PPP mode this year.

An Inter-Ministerial Group will be formed to work out a creative financing-cum-implementation mechanism in two months for clearing the large backlog of sanctioned projects of over two lakh crores rupees in a time-bound manner.

The flagship projects of railways, including the two Loco Manufacturing Projects, Elevated Rail Corridor, the Dedicated Freight Corridor and station redevelopment will be closely monitored for awarding the contract in the next six months.

The Power Ministry has been asked to work with Planning Commission and Finance Ministry to resolve remaining issues in the power sector and improve generation and transmission capacity. The the award of road projects should get expedited with focussed attention on Expressways.

The two new PPP ports at Sagar in West Bengal and Durgarajapatnam in Andhra Pradesh approved by Cabinet will be awarded.