Excelsior Correspondent
SRINAGAR, Apr 11: A team of Asian Development Bank team that had come to review the preparedness of tranche-II projects of JKUSDIP (Jammu and Kashmir Urban Sector Development Investment Programme) being executed by Jammu and Kashmir Economic Reconstruction Agency (JKERA) concluded its two day visit to the valley.
In a press release issued here, a spokesman of the ERA said that the team carried out a meeting with Saurabh Bhagat, Chief Executive Officer, ERA. The team was briefed about the preparedness for the major projects which are proposed to be taken up by JKERA under the tranche-II of the Asian Development Bank funded JKUSDIP.
The projects being carried out include construction of Jehangir Chowk-Natipora expressway corridor in Srinagar and construction of Bikram Chowk expressway corridor in Jammu. Besides this construction of multi-level parking facility in Srinagar and some water supply and drainage projects in Jammu and Srinagar was also discussed during the meeting.
The team was told that the projects are estimated to cost around Rs 800 crore. They were told that as part of the rehabilitation measure the displaced shopkeepers have been paid compensation of Rs 12 lakh in lieu of income loss and shifting grant. These people have been rehabilitated in the shopping complex constructed by Srinagar Municipal Corporation.
The visiting ADB team comprising of Atsushi Kaneko, Senior Urban Development specialist (ADB) and Ron Slangen Urban Development Specialist (ADB) expressed overall satisfaction with the progress achieved by J&K ERA on resettlement and other aspects of the project.
The meeting was also attended by Khalid Muzaffar, Director Central, J&K ERA, O.P Dubey, Director Urban, J&K ERA, Shagufta Qazi, Director Finance, J&K ERA and other senior officers of J&KERA and project support unit of Asian Development Bank.
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