LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

JNPT, Indian Railways, states to sign MoU for Rs 8,574 cr rail project

The project will reduce the logistics cost for the cargo centres located in north such as Lucknow, Agra, Gwalior and Kanpur belt as well as Indore ,Dhule , Bhopal region to the gateway ports JNPT and Mumbai.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
JNPT, Indian Railways, states to sign MoU for Rs 8,574 cr rail project
JNPT, Railways and state governments of Madhya Pradesh and Maharashtra will enter into a pact tomorrow for implementing Rs 8,574.79 crore Indore-Manmad Railway Line Project, Image source:Reuters
Written By: PTI
Updated: Tue, Aug 28, 2018
11:24 am
New Delhi, PTI
RELATED NEWS
JNPT mulls acquisition of 3 ports in Maha; aims at doubling Profits JNPT mulls acquisition of 3 ports in Maha; aims at doubling Profits
Air India to sell off this Mumbai icon? Maharaja will no longer be same Air India to sell off this Mumbai icon? Maharaja will no longer be same
JNPT inks pact with SBI, DBS for Rs 2600 crore loan JNPT inks pact with SBI, DBS for Rs 2600 crore loan

The government today said that JNPT, Railways and state governments of Madhya Pradesh and Maharashtra will enter into a pact tomorrow for implementing Rs 8,574.79 crore Indore- Manmad Railway Line Project.

"An MoU will be signed tomorrow between JNPT- Ministry of Shipping, Ministry of Railways, Govt of Maharashtra and Govt of Madhya Pradesh for implementation of 362 km Indore- Manmad New Railway Line Project," the shipping ministry said in a statement.

The project will reduce the distance from Mumbai, Pune to key central India locations by 171 km.

"The project passes through the Delhi-Mumbai Industrial Corridor nodes Igatpuri, Nashik and Sinnar; Pune and Khed; and Dhule and Nardana," it said.

The project is estimated to result in cumulative net economic benefits of Rs 15,000 crore in the first 10 years of operations.

Its logistic advantages include providing a shorter route for passenger as well as the freight traffic originating from, terminating or crossing through the region. 

The project will reduce the logistics cost for the cargo centres located in north such as Lucknow, Agra, Gwalior and Kanpur belt as well as Indore ? Dhule ? Bhopal region to the gateway ports JNPT and Mumbai.

It will be an alternate route to the existing central and western railway lines and will reduce congestion on the over utilised existing railway network. 

In addition, it will help in employment generation, reduction in pollution, fuel consumption and vehicle operating costs.

Watch Zee Business video here:

The Indian Port Rail Corporation Limited (IPRCL) carried out the feasibility, traffic and bankability for the project. 

Railway Board approved the implementation of the project through IPRCL on Joint Venture SPV model. 

"The proposed SPV would be in the form of a Joint Venture Company between Shipping ministry or its nominated PSUs including JNPT (which will be the main promoter), Government of Maharashtra or its nominated PSUs/Entity, Government of Madhya Pradesh or its nominated PSUs/Entity, and others," it said. 

The project will be constructed within six years, it added. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Jawaharlal Nehru Port (JNPT)Indian Port Rail Corporation
RELATED NEWS
JNPT mulls acquisition of 3 ports in Maha; aims at doubling Profits JNPT mulls acquisition of 3 ports in Maha; aims at doubling Profits
Air India to sell off this Mumbai icon? Maharaja will no longer be same Air India to sell off this Mumbai icon? Maharaja will no longer be same
JNPT inks pact with SBI, DBS for Rs 2600 crore loan JNPT inks pact with SBI, DBS for Rs 2600 crore loan

LATEST NEWS

Stocks to buy with Anil Singhvi: Sandeep Jain recommends Jyothy Laboratories today

Gujarat Election Result: Another big win for BJP, defeat for Congress! Check latest seats update in local body municipal, panchayat and taluka polls

LIVE: Gujarat Municipal Election Results 2021: BJP wins 803 seats - Check latest news updates, seat details here

Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000

NTA UGC NET 2021: Registration for JRF open - here is why candidates should rush and apply online at ugcnet.nta.nic.in

Good news for Vi users! Vodafone Idea subscribers to get health insurance benefit on mobile recharges

Gujarat Elections Final Results Till Now: PM Narendra Modi bows to people of Gujarat for faith, affection towards BJP

Railway Recruitment 2021: Government jobs for 10th pass - Rush and apply for 2532 vacant posts

LIVE: Gujarat Taluka Panchayat Elections Results 2021: BJP wins 1036 seats - Check latest news updates, seats details here

Yes Bank Share Price: Experts unveil this money making strategy in this stock

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved