Steel Ministry identifies 4 slurry pipeline projects
11 May 2020
The Ministry of Steel has identified four slurry pipeline projects totalling over Rs 8,000 crore to be implemented over financial years 2020-2025, a finance ministry-constituted panel said in a report.
A slurry pipeline is a specially engineered pipeline used to move ores such as coal, iron or mining waste over long distances.
According to the task force to draw up the National Infrastructure Pipeline (NIP), "Ministry of Steel has identified four slurry pipeline projects, to be implemented over fiscals 2020-2025 and the total capital expenditure for these identified projects is estimated at Rs 8,225 crore."
Out of the four, three projects worth Rs 5,441 crore are to be implemented through public-private partnership (PPP) route, while one slurry pipeline project of Rs 2,784 crore is to be implemented on Engineering Procurement and Construction (EPC) mode.
The finance ministry said that the government task force has projected total investment of Rs 111 lakh crore in infra projects over five years to augment infrastructure and create jobs in the country.