India will set up a new company that will be incharge with rail infrastructure projects, Railway Minister Suresh Prabhu said.
“In the next few days, we will create a company with the Maharashtra Government, which will develop rail lines in different parts of the State,” Prabhu said.
For this project, Railway Ministry and Maharashtra Government will sign an agreement to develop the rail network.
“The agreement will be limited to Maharashtra,” he said, adding, the improved rail connectivity will help bridge development gap between regions and enlisted possible routes which may be taken up.
These included laying tracks in the Naxal-affected Gadchiroli district in Vidarbha; establish a line between Kolhapur in Western Maharashtra and Vaibhavwadi in the coastal Sindhudurg district and another between Karad and Chiplun, connecting the developed Western Maharashtra with Konkan.
Chief Minister of Maharashtra state Devendra Fadnavis suggested rail routes connecting under-developed Yavatmal district of Vidarbha with Nanded in neighbouring Marathwada and another line linking Ahmednagar with Beed in Marathwada.
Prabhu said there is no lack of finance for the Railways now, courtesy the newer fund mobilisation ways devised by his Ministry and reiterated that a whopping Rs 8.50 trillion (USD 135 billion) will be invested over the next few years.
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