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TN announces policies to speed up infra projects

Our Bureau Chennai | Updated on February 01, 2013

Governor K. Rosaiah addressing the Tamil Nadu Assembly at Fort St. George on Friday in Chennai Tamil Nadu on Friday. — Photo: V. Ganesan   -  Business Line

Governor's address

The Tamil Nadu Government has announced a raft of measures, including plans for a land acquisition policy for industrial use, to attract investments and speed up infrastructural development.

It spelt out its plans in the customary Governor’s address in the Assembly on Friday marking the start of the session for 2013.

Tamil Nadu Governor K. Rosaiah said the Government is considering a policy for land acquisition for industrial purposes. Non-availability of land for industrial units is a major hurdle in attracting new investments in the manufacturing sector.

To expedite infrastructural development and attract private sector investment, the State Government has enacted and notified rules under the Tamil Nadu Tender Transparency (Public Private Partnership) Rules 2012 and the Tamil Nadu Infrastructure Development Act. These are initial steps in institutionalising speedy project clearances.

The Government will set up a system for comprehensive project formulation, execution and management system, which will cover initial estimates to final payment and provide an e-procurement portal.

The Governor said the second volume of the Vision 2023, which will outline plans for infrastructure development in the State, will soon be launched and will list the infrastructure projects to be implemented.

A Detailed Project Report has been taken for a 162-km Chennai Peripheral Ring Road linking Mamallapuram, about 50 km south of Chennai, with Ennore to the North.

The Government has also initiated steps to development a deep-water port at Nagapattinam in PPP mode.

A State Property Tax Board will be established to guide and advise local bodies on issues related to property taxes and help strengthen local bodies’ own resources and instill fiscal discipline.

On new power projects, it has floated global tenders for the 660-MW Ennore expansion project and will soon call for tenders for 2 x 660 MW each at Udangudi and Ennore.

Published on February 01, 2013

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