Rs 18,795 Crore Railway Projects Under Implementation Under “Sagarmala” Initiative

Rs 18,795 Crore Railway Projects Under Implementation Under “Sagarmala” Initiative

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Date of Post: 26 June, 2018

Aimed at bringing down logistics costs by providing rail connectivity to ports, Indian Port Rail Corporation (IPRCL) along with other agencies are implementing projects worth Rs 18,795 crore, the government said. IPRCL, a joint venture between major ports & Rail Vikas Nigam Ltd, as a dedicated SPV is developing railways as a mode of transport in the port sector under the government’s ambitious initiative “Sagarmala”.

More Information:

  • Ministry of Shipping said in its latest report,“More than 50 per cent of the rail connectivity projects identified under Sagarmala are under implementation through various agencies such as IPRCL.”
  • the report said, as many as 70 rail connectivity projects for 4,247 km length were identified to be implemented at a cost of about Rs 46,728 crore.
  • Of these projects, 27 projects are currently under implementation for 1,967 km at a cost of about Rs 18,795 crore.
  • 13 projects having a length of 426 km have already been completed at a cost of Rs 2,592 crore, as per the report.
  • 30 more projects entailing an investment of Rs 25,341 crore are under pre-implementation stage to provide 1,967 km connectivity, it said.
  • Under the Ministry of Shipping, Sagarmala aims at promoting port-led development along India’s 14,500 km long coastline.
  • As part of the scheme, more than 400 projects at an estimated infrastructure investment of more than Rs 7 lakh crore, have been identified across port modernisation & new port development; port connectivity enhancement, port-linked industrialisation and coastal community development.

Image Credit: Balu Velachery – Flickr


Author:

Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

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