Indian Railways to invest Rs 44,000 cr on freight corridor on east coast

Indian Railways has decided to invest Rs 44,000 crore to construct a 1,100-km greenfield freight corridor on the east coast connecting Kharagpur in West Bengal with Vijaywada in Andhra Pradesh.

Expected to carry about 200 million tonnes of freight per annum, the corridor is likely to be announced in the budget proposal for 2019-20.

Anurag Sachan, Managing Director of Dedicated Freight Corridor Corporation (DFCC), said, “There is very heavy traffic on this route. The work on the proposal is currently going on.”

He added: “We wll be proposing funding from multilateral agencies along with some equity from Indian Railways for the project. The corridor will connect mineralrich areas of the country to industries in the south.”

Image Credit : smedia2.intoday.in

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