Over 200 JKIFDC funded projects completed since August 2019


Jammu and Kashmir has achieved a major milestone by completing over 200 J&K Infrastructure Development Finance Corporation (JKIDFC) funded projects, since August last year.

Financial Commissioner, Finance, Dr Arun Kumar Mehta chairs meeting

The information was given at a meeting chaired by Financial Commissioner, Finance, Dr Arun Kumar Mehta.

The meeting was attended by Commissioner Secretary, PHE Department, AK Sahu;  Secretary Youth Services & Sports, Sarmad Hafeez; CEO, JKIDFC, Shamim Ahmad Wani; Director Finance, JKIDFC, Showkat Hussain Mir;  General Manager, JKIDFC, Shafaat Yehya and representatives of several other departments.

Dr Mehta, who is also Chairman & Managing Director, (CMD) of JKIDFC, stressed on the officers to complete all the targeted projects within the stipulated deadlines. He emphasised on working with a sense of urgency in order to achieve the landmark of completing all the 1000 projects before the end of the current financial year.

The meeting was informed that a major improvement has been recorded in completion of the projects taken under JKIDFC and till now more than 200 projects have been dedicated to public since August last year.

The meeting was informed that besides the Finance department, periodical reviews are being held at the district and departmental levels to accelerate the pace of work of the projects.

It was given out that a coffee table book, depicting over 200 completed projects, would soon be released by JKIDFC, while the details of each completed project would be uploaded on the web portal along with photographs and other specific details.

The completed projects include 300 TPD Grinder cum Packing unit at IE Samba ( Rs 26.97 crore), 132/33 KV transmission line from Grid Station Budgam ( Rs 4.3 crore), transmission line from Grid Station Kaleeth ( Rs 4.91 crore), Water Supply Scheme for Jai ( Rs 4.63 crore), Steel trussed bridge at Peernai Uri ( Rs 5.26 crore), Road from Chassana to Malikote in Mahore( Rs 7.19 crore), Roads in Sainik Colony, Jammu ( Rs 10.91 crore), Indoor Stadium Poonch ( Rs 4.16 crore) and New Indoor Sports Complex, MA Stadium Jammu ( Rs 8.10 crore).

The meeting also discussed the projects completed physically but awaiting payments for want of preferring bills. The FC directed the indenting departments to sort out the issues within a week so that payments against each completed project is released forthwith.

The meeting was informed that bills regarding 215 physically completed projects needs to be preferred so that these are culminated in financial terms as well. These include 95 projects of PWD, 48 of PHE, 30 of PDD, 23 of Youth Services & Sports and 19 of other departments.

Pertinently, the projects funded by JKIFDC aims at the creation of public utilities like roads, bridges, water supply schemes, sports facilities, educational institutions and industrial estates. All these projects are of high public importance with the potential to bring a major improvement in the developmental landscape of J&K, besides easing the day to day life of the general public, once completed.


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