Excelsior Correspondent
JAMMU, Mar 3: After facing little hiatus for last few months, the Jammu and Kashmir Infrastructure Development Finance Corpo-ration (JKIDFC) Limited has entered into an agreement for raising loan of Rs 1000 crore with the Indian Overseas Bank thereby resolving the issue of funding of the languishing projects which are under execution at various levels of completion.
This is a very important step which shall pave way for timely and smooth clearance of payments for completion of these projects in a transparent manner, an official handout said.
The Additional Chief Secretary, Finance and CMD JKIDFC in his message said that the implementing departments/PIAs, which are already on the job for completion of these languishing projects shall now speed up the pace of work on all these projects and ensure their completion with regular monitoring.
This endeavour is believed to usher a new era of infrastructure development in J&K leaving almost no project to languish further for want of funds now.
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