Government sets up JKIDFC, infuses Rs 8000 crores for infrastructure projects

Srinagar:  The government has set up a J&K Infrastructure Development Finance Corporation (JKIDFC) through which it will spend up to Rs 8000 Crore on completing unfinished/languishing infrastructure projects which are there all over the State.

The government said many of the projects started years ago are still incomplete due to which people are facing  great inconvenience.

After setting up JKDIFC, Governor Satya Pal Malik appealed all the elected representatives to come forward and join hands with the Government in addressing the needs of the public in every nook and corner of the State, a presser stated.

“Therefore, elected representative are fervently requested to identify and prioritize all such incomplete/languishing works that are critical for their respective constituencies from the public stand point. Elected representatives are further requested to project ongoing or incomplete developmental projects in their constituencies which are at different stages of execution and require funding for their timely completion. These could be roads, bridges, drinking water schemes, school building, medical facilities and so on,” the press release stated quoting the governor .

Elected representatives may forward their requests through the concerned Deputy Commissioner or directly to the Planning Development & Monitoring Department of the State Government, it added


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