Date of Post : 27 July, 2017
New Delhi: IPRCL (Indian Port Rail Corporation Limited), which is executing projects worth Rs 1 lakh crore, will build Indore-Manmad rail corridor for shipments of containers to JNPT, said Shipping, Road Transport & Highways Minister Nitin Gadkari.
Gadkari told at an event organised by FICCI – India PPP Summit.
IPRCL is a first-of-its-kind Joint Venture Company (JVC), between the Major Ports under the Ministry of Shipping, & RVNL (Rail Vikas Nigam Ltd).
- Gadkari said,”From Indore and Dewas 47,000 containers go to JNPT (Jawaharlal Nehru Port Trust). They go via Ahmedabad and Delhi. It takes eight days for containers to reach JNPT. We (IPRCL) are constructing a railway line between Indore and Manmad which can carry shipments in just 24 hours.”
- The DPR (Detailed Project Report) for about 339 kilometer project is ready, he said.
- The project is aimed at cutting down Indore-Mumbai distance by 200 km & would offer a corridor for despatching export containers from Indore region directly to JNPT.
- 50% of the about Rs 4,000 crore (Approx US$ 625 Million) project would be funded by the Railways while the remaining will be offered by JNPT, the minister said.
- Gadkari said,”Earlier, Railway Minister has said that 50% of the cost will be contributed by the states and the rest 50% by the Railways. Madhya Pradesh and Maharashtra had expressed their inability to do so. I said JNPT will provide 50% and the rest 50% will be provided by the Railways.”
- The discussions on the project are on and the land will be provided free of cost by Madhya Pradesh & Maharashtra governments, which will be converted into equity.
- He said, state governments have also agreed to exempt taxes.
- Likewise, a Rs 1,000 crore rail line is being built to carry coal from Talcher to Paradip where Coal India plans to augment its output from the present 60 MT to 300 MT, the minister said.
- He said,”Coal can easily be transported to Kandla and Mumbai from Paradip after the project.”