C
Shivakumar
Chennai:
As
the Union government has asked the state governments to bear the cost
escalations arising out of rise in prices of steel, cement, raw materials
besides other issues in achieving the target under Jawaharlal Nehru National
Urban Renewal Mission (JNNURM), a parliamentary standing committee on urban
development will be visiting the city on Sunday to look into the issues faced
by the state government in bearing the cost escalation.
The
visit comes in the wake of the observation by the committee after examining the
Demands for Grants (2013-14) that rise in prices of steel, cement, raw
material, non-availability of litigation free land, reluctance of beneficiaries
to shift to relocated projects, weak financial position of urban local bodies
have been the major constraints in achieving the target under JNNURM.
Since,
the Union government is asking the state governments to bear the cost
escalations, the parliamentary committee will be looking into the problems the
state is facing in bearing the cost escalation if any besides the efforts being
made to curb cost escalation of the project, sources told Express.
The
JNNURM projects have been extended till March 2014. The committee is also likely
to focus on the current status of the projects undertaken by the state
government besides on whether it is possible to complete all projects within
stipulated time period.
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