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Sunday, June 23, 2024

Indian Railways identifies $14.79 billion rail projects

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Indian Railways has identified $14.79 billion worth of projects it hopes to develop through public private partnership (PPP).

The company is aiming to begin work on the improvements, which include a high-speed corridor between Mumbai and Ahmedabad, and an elevated rail corridor between Churchgate and Virar, in the 12th five-year plan period between 2012-2017.

K. H. Muniyapp, Minister of State for Railways, said: “Elevated rail corridor, high-speed rail corridors, redevelopment of stations, logistics parks, private freight terminals, port connectivity, dedicated freight corridor, others are some of the projects that have potential of attracting private investment, which have been identified under PPP.”

Indian Railways is planning to develop High Speed Corridor (Mumbai to Ahmedabad), which requires an investment of $3.6 billion, a $3.6 billion elevated rail corridor (from Churchgate to Virar) and dedicated freight corridors (Sonnagar to Dankuni), which will need an investment of $1.80 billion.

Other projects include a $1.8 billion redevelopment of stations, logistics parks costing $540.34 million, private freight terminal and other freight schemes which will require $507.07  million, port connectivity projects costing another $900.65 million, loco and coach manufacturing units, which will be developed with an investment of $540.34 million and energy projects totalling $1.08 billion.

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