The Economic Times: February, 2012
New Delhi: Indian Railways has signed a Memorandum of Understanding (MOU) with the government of Chattisgarh for the development of three rail corridors for both freight and passenger purpose in the state.
The rail corridors would be developed in northern region of Chhatisgarh state, approximately 452 kilometres in total length.
These corridors are on the 180 kilometres on Eastern Corridor which will connect mines, a 150 km long corridor in the northern region and a 122 km long East-West Corridor.
These corridors will be implemented through specific Special Purpose Vehicles (SPVs) or any other appropriate model of Public Private Partnership (PPP), which will be granted appropriate concession for this purpose by Ministry of Railways.
The Ministry of Railways on its own or through its Public Sector Undertaking and Government of Chhatisgarh state on its own or through its designated agencies will participate in the SPVs as equity partners. Under this MOU, Government of Chhatisgarh state will provide land owned by the State Government and the cost of such land will be part of Government of Chhatisgarh state's equity in the SPVs.
The alignment of these corridors will be such as to connect towns and villages in the region also. East corridor will connect Gharghoda and Dharamajaygarh, North Corridor will connect Katghora, Parsa and Surjpur and East-West Corridor will connect Katghora, Pasan and Sindurgarh.
Government of Chhatisgarh state will complete the process of environmental/forest clearances for the projects within a period of two years from the date of application for such clearances. The SPVs will be required to complete the construction of the Corridors within a period of five years from the formation.