MOU to be signed tomorrow for Indore- Manmad new railway line project
The Project Will be Implemented Through Indian Port Rail Corporation Limited on Joint Venture SPV Model
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 project will reduce the distance from Mumbai/Pune to key central India locations by 171 kilometers.
The project passes through the Delhi-Mumbai Industrial Corridor nodes Igatpuri, Nashik and Sinnar; Pune and Khed; and Dhule and Nardana.
The project is estimated to result in cumulative net economic benefits of Rs 15,000 crore in the first ten years of operations. Its Logistics 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 Northern India 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 utilized existing railway network. In addition, it will help in employment generation, reduction in pollution, fuel consumption and vehicle operating costs.