Investment for dedicated freight corridor nearly tripled to Rs80,000 cr
Railway Board chairman Arunendra Kumar says the expenditure has gone up with various genuine reasons
New Delhi: The investment needed for the dedicated freight corridor has nearly tripled from the initial estimate of Rs27,000 crore to Rs80,000 crore since inception for various reasons, Railway Board chairman Arunendra Kumar said on Friday.
“From the day of commencement of the project Dedicated Freight Corridor till date the expenditure had gone up with various genuine reasons," he said at an event organized by the Associated Chambers of Commerce and Industry of India (Assocham).
“Initially the organisation set up Rs12,000 crore for the land acquisition but later on it multiplied several times," a press release by Assocham quoted Kumar as saying. He said the project had faced numerous challenges.
The Dedicated Freight Corridor Corporation of India (DFCCIL) is a special purpose vehicle of the Indian Railways mandated to build dedicated freight corridors. The railways in currently engaged in setting up the eastern and western corridors. The 1,839km eastern corridor will connect Ludhiana in Punjab and Dankuni in West Bengal. The 1,499km western corridor will connect Jawaharlal Nehru Port near Mumbai to Dadri in Uttar Pradesh.
DFCCIL wants to complete both the corridors by 2017-18.
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