New Railway Projects with Financial Assistance from States

State Governments of Andhra Pradesh, Chhattisgarh, Haryana, Jharkhand, Karnataka, Maharashtra, Rajasthan, Uttarakhand and West Bengal have come forward for taking up projects on cost sharing basis and presently 31 projects covering a length of about 5000 kms are being executed on cost sharing basis with State Governments.

Due to huge throwforward of ongoing projects and limited availability of resources, efforts are made to generate extra budgetary resources through participation by the State Governments/beneficiaries, Public Private Partnership, funding as additionality for National Projects, revival of Capital Fund and implementation of bankable projects through Rail Vikas Nigam Limited. Execution of four projects has been taken up with participation from industry as Special Purpose Vehicle.

To expedite completion of projects, forestry and other clearances have been taken up at highest level. Regular coordination meetings are held with State Governments for providing adequate security at work sites. Empowerment of field units has been taken up to expedite completion of projects.

This information was given by the Minister of State for Railways Shri K. H. Muniyappa in written reply to a question in Lok Sabha today.

Source : Equity Bulls

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