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Pinarayi seeks clarification over Project Finance Cell

Posted on Nov 08, 10:38PM | UNI

CPI(M) Kerala Secretary Pinarayi Vijayan today demanded a clarification from the Oommen Chandy government over the formation of a Project Finance Cell by the State Planning Board on Tuesday.

Addressing a press conference here, Mr Vijayan said the Planning board decision to form the Cell and seek private participation and foreign aid for implementing projects with an estimated cost of above Rs five crore was doubtful.

Demanding more clarification in this regard from Chief Minister Oommen Chandy and the KPCC president, he alleged that all these decisions were taken hurriedly without any open discussion.

The Planning Board meeting on Tuesday also approved many draft projects of various departments for the 12th Plan.