Amendment status not verified — confirm the current text below against the official source.
(1) The Board shall be the nodal agency to coordinate all the efforts of the State Government in the identification and prioritization of infrastructure projects. (2) The Board in consultation with the State Government shall scrutinize, evaluate and prioritise infrastructure projects to be developed, managed and operated in the State of Punjab. (3) The Board shall inform the State Government of the infrastructure projects so identified. The State Government shall decide within a period of 1[sixty] days of the receipt of such information, as to whether and which of the infrastructure projects will be undertaken as State Government projects in a time bound manner. 2[(4) Where the State Government decides not to take up an infrastructure project out of its own funds or it fails to decide in this regard within the period as specified in sub-section (3), then such project shall automatically revert back to the Board. (5) Upon receipt of the projects referred to in sub-section (4), the Board, shall decide as to whether a public private partnership project, is to be executed completely on private participation basis and partly out of development fund or totally funding the same out of the development fund and thereafter the Board, in 1Substituted for word “ninety” by Punjab Act No. 22 of 2003, Section 11 2Substituted by Punjab Act No. 22 of 2016, Section 5 Project identification and prioritisation. due consultation with the Project Management Team or the Sectoral Sub- Committee, as the case may be, shall,- (i) publish the notice containing details of the infrastructure project, in the leading newspapers, inviting objections and suggestions; (ii) assist the Authority in conducting public hearing on objections and suggestions received to finalize the scope of the infrastructure project; (iii) notify infrastructure project inviting bids or placement of request for proposal; (iv) conduct pre-bid processes; (v) conduct evaluation of bids; and (vi) conduct negotiations and recommend the grant of concession by the Board. (6) The Board, may take up any engineering, procurement, construction projects or such projects, which do not involve private participation and can be taken up by it out of the development fund or partly out of the development fund and partly from the funds made available by the State Government or any other source (including Centrally or State sponsored Schemes), as the case may be. (7) The Board may assign the work of conceptualization, identification, execution and monitoring of any urban or rural infrastructure project, to the district level Urban Infrastructure Committee or the RuralInfrastructure Committee, as the case may be, duly constituted by the State Government by notification in the Official Gazette, from time to time. The Board, shall release the funds directly to the Deputy Commissioner concerned, for execution of such final projects so recommended by the said Committees.]