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Railways | July 10, 2012
#22016

Govt mulls SPV for multicrore rail corridor projects

At a high-level meeting chaired byChhattisgarh Chief Minister Raman Singh, it was decided to set upthe 180 km eastern rail corridor and 122 km east-west corridor through aspecial purpose vehicle (SPV).     
 
 The state government would co-own the SPV along with the Railway Board and South Eastern Coalfields (SECL). The above projects would be implemented under the Rail Corridor project.  
 
 The railways would hold a 26 percent stake while Chhattisgarh government's share would be around 8-10 percent in the project. The rest would be borne by the SECL. 
 
 The eastern corridor is proposed along the Bhupdevpur-Gharghoda-Dharamjaigarh-Korba and Gharghoda-Dongamauha routes, with an approximate length of 180 km and would shape up at a cost of around Rs 2,000 crore. 
 
 The east-west corridor would be constructed on the Gevra road-Deepika-Katghora-Sindurgarh-Pasan-Pendraroad section, on an estimated 122 km stretch at a cost of around Rs 863 crore. The inspection of the total 122 km route has been done for the purpose. 
 

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