SRINAGAR: Reviewing the progress on various projects being implemented under Asian Development Bank (ADB) funding by Jammu and Kashmir Economic Reconstruction Agency (ERA), Chief Minister Omar Abdullah today directed for speeding up the pace on works so that these are completed within the stipulated timeframe.
After chairing the governing body meeting of ERA, he said rehabilitation of affected people due to various projects earmarked for launching under loan-2 of the ADB should receive priority attention.
‘The loan-1 of ADB to various projects is shortly closing as such ERA should concentrate on ensuring completion of these projects within the targeted timeframe,’ he said directing for making comprehensive proposals for launch of big ticket projects under loan-2 of the ADB.
ERA Chief Executive Officer Tahseen Mustafa said out of 117 projects taken up for execution under loan-1, as many as 101 projects have been completed so far while the rest are being completed by the end of this year.
He said 94 per cent of physical targets and 92 per cent of financial targets have been achieved by the middle of August 2013.
The meeting discussed the action taken report of the ERA on the decisions taken in previous meetings.
It also took appraisal of various mega projects under implementation in the state under ADB funding. The meeting reviewed the status of sub-projects and the scope of loan-2 of the ADB.
