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With an aim to speed up project execution, the Urban Development Minister, M Venkaiah Naidu, on Friday enhanced the financial powers of the regional offices of Central Public Works Department (CPWD).
Regional Work Boards can now accept and approve tenders up to a value of Rs 200 crore instead of the earlier limit of Rs 30 crore.
Further to this delegation, only less than 1 per cent of project proposals would come to the Central Works Board of CPWD, an official statement said.
“CPWD is currently processing a total of 3,832 proposals for finalisation of tenders. Of these 99 per cent would now be decided at regional level instead of coming to CPWD headquarters in New Delhi. Of the 1,928 works in progress currently costing a total of Rs 20,370 crore, only 16 tenders were of the value of more than Rs 200 crore each,” it added.
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