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.