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    CCEA approves three major railway projects

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    The Cabinet Committee on Economic Affairs (CCEA) has approved three major railways projects estimated at Rs 2483.99 crore likely to be completed in next five years during 13th plan period. The doubling of the Palanpur-Samakhiali section of 247.73 kms under the Western Railway will be taken up at a cost of Rs.1266.89 crore.The PalanpurSamakhiali-Gandhidham section is a feeder route of the Western Railway to the Dedicated Freight Corridor of Mumbai-Delhi and doubling of the section will help in handling more traffic.Kutch, Patan and Banaskantha districts will be benefitted out of this project.CCEA has approved the construction of a new broad gauge line between Raigarh (Mand Colliery) to Bhupdeopur Railway Station.The total length of the track will be 63 km and expected to cost Rs.379.08 crore. The funds for the project will be organised through a joint venture between IRCON international and South Eastern Coalfields Ltd (SECL) and Government of Chhattisgarh.

    IRCON will process the formation of a Special Purpose Vehicle(SPV) with 26 percent equity and Government of Chhattisgarh will transfer government land free of cost for the project and claim 10 percent equity in the project either through capitalization of land or through cash contribution while SECL will take the balance equity. This new broad gauge link between Raigarh (Mand Colliery) to Bhupdeopur Railway station on the Howrah-Mumbai Main Line is being proposed, to cope up with the demand of additional traffic generated by M/s. SECL.The total geological reserve of the Mand-Raigarh coal field is estimated at around 16,000 million tonnes. CCEA has also approved the construction of a new broad gauge line between Gevra Road and Pendra Road of 121.70 km at a cost of Rs.838.02 crore on similar terms. This rail link will also facilitate serving the coal needs of Western Uttar Pradesh, Delhi, Haryana and Punjab.

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