Railways to invest Rs 5,000 cr for port connections in 5 yrs
- J&K crisis: Governor asks PDP, BJP to clarify stand on govt formation
- Inexcusable: Delhi Police brutally assault student protesters outside RSS HQs
- Andhra quota stir takes violent turn, train set on fire
- MS Dhoni's 'great speech' to team after whitewash: ‘Don’t slip from here’
- Is Gujarat not part of India? SC questions failure in implementing MNREGA, Food Act
Railways has drawn up an ambitious plan to meet a target of garnering private investments worth Rs 5,000 crore in rail connectivity projects to key infrastructure points such as ports in the next five years. It is meeting rail investors and customers, including big industrial houses on Saturday to compare notes on this front.
The national carrier has already zeroed in on a plan worth Rs 3,800 crore for six ports, like Dhamra, Hazira and others for connectivity with private-public-partnership.
With Pawan Kumar Bansal's renewed thrust to rail linkage to infrastructure sector through participatory modes, the Cabinet on Thursday approved the construction of three crucial rail link projects worth over Rs 2,483 crore to ensure coal supply to power plants and necessary infrastructure support for industrial development in the country.
The new 121.70-km-long broad gauge line between Gevra Road and Pendra Road and 63-km-long Raigarh and Bhupdeopur are two ambitious rail link projects which got the approval of the Cabinet Committee on Economic Affairs.
"The projects aim at ensuring smooth movement of freight and coal in the region," said railway minister Pawan Kumar Bansal.
The CCEA also approved doubling of the 247.73-km-long Palanpur-Samakhiali section under the Western Railway at a cost of Rs 1,266.89 crore. While the Gevra Road-Pendra Road rail line is estimated to cost Rs 838.02 crore, the Rajgarh-Bhupdepur line is to cost Rs 379.08 crore. Both the projects have high rate of returns with 22.39 per cent and 26.11 per cent respectively.
- Ten years on, MGNREGA requires constant review. And consistency in political support
- The global economy is in trouble but India is attracting positive comment
- India’s expanding stakes in US demand a more strategic view of their changing politics
- Supreme Court has an opportunity to rectify its ruling on Section 377
- And everyone loves censorship — or so it seemed, at a session at the Jaipur Lit Fest
- The problem in Arunachal is as much about politics as about institutional norms