Infrastructure Current Affairs - 2020
The Cabinet has given its nod for the signing the general consultancy agreement with Delhi Metro Rail Corporation (DMRC) for the Rs. 5,581-crore elevated mass rapid transit system in Thiruvananthapuram and Kozhikode. After the signing of this pact, the DMRC will be responsible for the design, preparation of the bid document, short-listing, and selection of contractors, supervision, and quality certification for the 22.2-km monorail in Thiruvananthapuram and 14.2-km in Kozhikode.
What is monorail?
- A monorail is a rail-based transportation system based on a single rail, which acts as its sole support and its guideway.
- The term is also used variously to describe the beam of the system, or the vehicles traveling on such a beam or track. The beam in a monorail system is narrower than the vehicle.
Prime Minister Manmohan Singh has directed for the creation of a Project Monitoring Group who will monitor the implementation and fast tracking of all the 215 infrastructure projects of Rs. 7 lakh crore funded by banks.
The Group will be set up under the Cabinet Secretariat which will proactively pursue all large projects to ensure their timely commissioning.
Similarly, the Administrative Ministries, in consultation with the Finance Ministry, and the Finance Ministry on its own also were tasked with the identification of such priority projects. The Cabinet Secretariat was directed to hold a meeting with Chief Secretaries of States to have State Governments on board with this new mechanism.
A list of projects of the public sector from various ministries such as Coal, Power, and Shipping has already been compiled. FICCI has also submitted a list of 52 projects in the private sector, with an investment greater than Rs.1,000 crore, which are delayed due to various bottlenecks.
The Cabinet Secretariat has prepared an ‘Online CCI Projects Tracking System’ portal for tracking projects of over Rs.1000 crore.