Centre partners with Maharashtra govt for several rail projects – Feedback

The Ministry of Railways has announced a collaboration between the Centre and the Maharashtra government for several projects, including elevated corridors between Chhatrapati Shivaji Terminus (CST) and Panvel, and Churchgate and Virar in Mumbai. The Railway Ministry and the Maharashtra government will form a Special Purpose Vehicle on 50:50 partnership basis for this.

Both the governments have decided to speed up all the required procedures between them and the project work for the fast elevated corridors between CST-Panvel and Bandra-Virar, and the installation of Communication Based Train Control (CBTC) between CST and Panvel should start by 15 August 2016. The corridor between Churchgate and Bandra will come in the second phase. A joint venture named ‘Maharashtra Railway Infrastructure Development Company’ will also be formed to complete nine projects worth Rs 23,000 crore in the state in four years.

http://www.projectstoday.com/News/Centre-partners-with-Maharashtra-govt-for-several-rail-projects

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *