“During a meeting held on September 28, six projects were sanctioned with an estimated cost of Rs 389.22 crore…” the statement stated.
The National Capital Region Planning Board (NCRPB) borrows from market and avails loans from multilateral and bilateral agencies. It extends loan assistance to NCR participating states and their parastatal agencies on very cheap interest rates for harmonised infrastructure development, it said.
The ministry said the NCRPB has the mandate to prepare a regional plan for the development of the National Capital Region.
It also has the mandate for coordinating and monitoring the implementation of such plans, the statement added.