The Steel Ministry has established four slurry pipeline projects totaling more than Rs 8,000 crore to be executed over the 2020-2025 financial years, a panel consisting of finance ministries said in a report.
A slurry pipeline is a specifically constructed pipeline used for long-distance transport of ores such as coal, iron, or mining waste.
According to the National Infrastructure Pipeline (NIP) task force, "Ministry of Steel has established four slurry pipeline projects to be executed over fiscal years 2020-2025, and overall capital expenditure is projected at Rs 8,225 crore for these listed projects."
Three projects out of the four projects worth Rs 5,441 crore, are to be implemented on the Public-Private Partnership (PPP) path, while the fourth project worth Rs 2,784 crore slurry pipeline project is to be implemented on the Engineering Procurement and Construction (EPC) mode.
Wednesday, the finance ministry said a government task force has expected total Rs 111 lakh crore expenditure over five years in infrastructure projects to increase infrastructure and create employment in the country.
The task force was formed following the 2019 Independence Day speech by Prime Minister Narendra Modi, in which he announced an expenditure of over Rs 100 lakh crore in infrastructure.
The task force has also stated that in sectors such as steel and cement, a shortage of supply of railway rakes is a problem for freight transport.
Rail transport is a significant component of the supply chain for the procurement of raw materials and the placing on the market of finished goods in these sectors, it pointed out. End-users turn to other forms of transport in the current scenario resulting in a sub-optimal modal share of railways.