Chhattisgarh In Joint Venture (JV) With Indian Railways To Build Two Railway Corridors worth Rs 10,000 Crore

Chhattisgarh In Joint Venture (JV) With Indian Railways To Build Two Railway Corridors worth Rs 10,000 Crore

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Date of Post: 07 Nov, 2017

Chhattisgarh: The Chhattisgarh government, in a joint venture (JV) with Ministry of Railways, has decided to build worth Rs 10,000 crore (approx US$ 1,538 Million) two fully electrified railway corridors (Katghora-Dongargarh & Kharsia-Naya Raipur). The two rail corridors will be ready in five years.

Katghora-Dongargarh Rail Corridor

  • The Katghora-Dongargarh rail corridor would be 294 km long.
  • The rail line will cost Rs 4,820 crore.

Kharsia-Naya Raipur corridor

  • The Kharsia-Naya Raipur corridor would be 260-km long.
  • The rail line will cost Rs 4,900 crore.

A senior Chhattisgarh government official said,“We plan four corridors. Two have been submitted; the other two are Parsa-Surajpur and Ambikapur-Barwadih. They will not only boost infrastructure, but provide employment and strengthen environment for investment in the state.”

About The Two Corridors

  • The Katghora-Dongargarh & Kharsia-Naya Raipur corridors will cater to the coal & cement belts of Korba & Raigarh and have been put before Indian Railways for in-principle clearance to start with land acquisition & other pre-construction activities.
  • The projects would be undertaken by the CRCL (Chhattisgarh Railway Corporation Ltd.), a JV between Indian Railways & Chhattisgarh government.
  • The national transporters has a 41 percent stake in the venture with the rest owned by the state government.
  • CRCL would be responsible for identifying, planning and preparing the rail corridors in the state.
  • CRCL managing director Sanjay Rastogi said,“Land identification is already on and acquisition will be started as soon as railways gives its in-principle nod.”
  • Once the projects are approved by the union cabinet, special purpose vehicles (SPVs) would be formed to implement the projects.

The Project Is Part Of an Scheme of Indian Railways

  • The project is a part of the Indian Railways 2016 scheme under which the national carrier had announced joint ventures with state governments, empowering the latter to decide & formulate railway infrastructure in their regions by sharing costs.
  • The project was former railway minister Suresh Prabhu’s idea of promoting cooperative federalism through Indian Railways.
  • “The JV arrangement is gaining momentum. Seven states have formed joint-venture companies. These include Gujarat, Kerala, Haryana and Jharkhand,” Indian Railways executive director (joint venture) Rajesh Aggarwal said.

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