‘Meghalaya benefited most from Centre-aided projects’: CM Conrad K Sangma

SHILLONG: CM Conrad K Sangma on Friday said Meghalaya was the highest beneficiary in terms of getting externally aided projects amounting to almost Rs 7,500 crore from the Centre.
He was speaking after laying the foundation stone of a hospitality complex at Mawlyndep village in Ri-Bhoi district, which will be built at an approximate cost of Rs 29 crore spread over an area of around 10 acres of land.
The project is sanctioned under the New Development Bank, which is an externally aided project and part of the BRIC Nations initiative.
“The Meghalaya govt has been taking funds from international institutions but these are coming through the Centre at subsidised rate of 72%,” he said.
Approximately Rs 4000 crore will be invested in the tourism sector in the next four years, creating about 50,000 jobs, he said. “Further, an additional Rs 120 crore was sanctioned on Thursday by the Prime Minister for development works in East Khasi Hills and other parts of the state,” he added.