Trade Analytics

Go Back

Cabinet approval for Rs 10,736 cr investment in railway projects

Business Standard:  May 26, 2016

New Delhi: The Union cabinet chaired by Prime Minister Narendra Modi today approved an investment of Rs 10,736 crore in five railway projects involving decongestion of the existing network, through doubling and tripling of existing lines.

"Most of these lines are over-saturated with a capacity utilisation of more than 100 per cent. The doubling and tripling projects would benefit multiple states including Gujarat, Maharashtra, Uttar Pradesh, Odisha and Andhra Pradesh," rail minister Suresh Prabhu said.

He added the funds for implementing the projects would be sourced through a combination of Gross Budgetary Support (GBS) from the finance ministry and Extra Budgetary Resources (EBR). "Most of these projects would be completed in a period of three to five years or even before that," Prabhu said.

The projects include doubling of the 467-kilometer Pune-Miraj-Londa line in Maharashtra at a cost of Rs 3,627 crore; doubling of 116-Km Surendranagar-Rajkot project in Gujarat at a cost of Rs 1,002 crore; and doubling of 180-Km Roza-Sitapur-Burhwal broad gauge single line in Uttar Pradesh at an estimated cost of Rs 1,295 crore.

The cabinet also approved laying 264-Km Vizianagaram and Titlagarh third line project at a cost of Rs 2,335 crore. "The 3rd line is an alternative route to over-burdened existing line. This link also opens an alternative route to oversaturated Kharagpur - Jharsuguda section Howrah-Mumbai Grand Trunk Route and Howrah-Chennai section main line. Districts in Odisha and Andhra Pradesh would be benefitted through this project," an official statement read.

The Cabinet Committee on Economic Affairs (CCEA) also gave its approval for taking up Bina-Katni third line project involving an investment of Rs 2,478 crore. The 278-km long railway line is likely to ease passenger flow and freight traffic in Sagar, Damoh and Katni districts in Madhya Pradesh.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.