New Delhi: Railways is planning a 500km long high-speed elevated rail corridor, to be built at a cost of Rs 50,000 crore, from Kasargod to Thiruvananthapuram in Kerala, according to a report. The plan is to operate semi-high speed trains, which travel at a speed of 100-150 kmph, on this corridor.
The project will be funded by the Asian Development Bank (ADB) and Japanese International Cooperation Agency (JICA), Mint reported.
Negotiations for funding are currently on.
The high-speed corridor could also be used by commuters for local travel between major cities and suburbs.
The project could be the most expensive state corridor undertaken by the Indian Railways other than the $13-billion Jammu-Baramulla link, according to the report.
The report added that the proposal is expected to be placed before the Cabinet next year for its approval.
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