Central Organisation for Project Implementation to be formed

A Central Organization for Project Implementation (COPI) will be set up with offices in Delhi, Kolkata, Mumbai and Bangalore to ensure timely project execution and proper utilization of funds allotted for works.

Presenting the Railway Budget for 2011-12 in the Lok Sabha today, the Minister of Railways Mamata Banerjee said that COPI will ensure uniformity of systems and methodologies, follow the best practices and optimize on resources.

Core groups in the four COPI offices will monitor and ensure that the funds allocated to different projects are fully utilized and not surrendered or diverted and projects are completed in a given time-frame. These offices will also ensure accountability and fix responsibility for non-performance.

Source : Equity Bulls

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