Kerala CM Pinarayi Vijayan seeks PM Modi’s sanction for Silver Line semi-high speed rail project

Vijayan's letter states that the project was discussed in July with Union Railway Minister Ashwini Vaishnaw who had expressed concern in sanctioning the same due to the present financial position of the Indian Railways

Edited By Vivek Punj
Updated8 Dec 2021, 02:59 PM IST
Kerala Chief Minister Pinarayi Vijayan.
Kerala Chief Minister Pinarayi Vijayan.(HT)

Kerala Chief Minister Pinarayi Vijayan has written to Prime Minister Narendra Modi, seeking his sanction for the Silver Line semi-high speed rail project. In the letter dated December 6, 2021, the Kerala CM stated that the rail project from Thiruvananthapuram to Kasaragod will not only benefit the state of Kerala, but also the nation.

Vijayan wrote that the Kerala government has already agreed to meet the entire land acquisition cost of 13,700 crore.

The state government has also accorded in-principle approval to meet any liability arising from default on external debt obligation undertaken by the Kerala Rail Development Corporation Ltd (K-Rail) for the project, Vijayan further mentioned.

The Kerala CM stated that the Silver Line rail project was discussed in July with Union Railway Minister Ashwini Vaishnaw who had expressed concern in sanctioning it considering the present financial position of the Indian Railways.

In this context, Vijayan noted that without the land acquisition cost, the semi-high speed rail project's equity internal rate of return was 13.55 per cent and hence, it was viable as per the agreement between the Ministry of Railways and Government of Kerala.

“I request your kind personal intervention to kindly accord the sanction for this key project, which will be a milestone in the progress of Kerala,” Vijayan wrote in the letter.

“The project will not only benefit the state of Kerala, but also the nation, contributing both to the economy and the environment,” he said.

The letter comes amid strong criticism by the Congress-led opposition against the ambitious project of the Left government in Kerala.

Besides that, a plea has been moved in the Kerala High Court alleging that the state was carrying out land acquisition proceedings for the Silver Line project without sanction of the Centre or other appropriate authorities.

The high court has issued notice to the state government and K-Rail, seeking their stand on the petition, which seeks contempt action against them for violating the assurance given to the court in January that they will proceed with the project only after getting the concurrence from the Centre, Railway Board and other statutory authorities.

The Silver Line project, which is expected to reduce travel time from Thiruvananthapuram to Kasaragod to around four hours, is being opposed by the Congress-led UDF opposition, which has been alleging that it was "unscientific and impractical" and will put a huge financial burden on the state.

The 532-kilometre stretch from Thiruvananthapuram to Kasaragod would be developed by K-Rail -- a joint venture of the Kerala government and the Railway Ministry for developing railway infrastructure in the southern state.

Starting from the state capital, Silver Line trains will have stoppages at Kollam, Chengannur, Kottayam, Ernakulam, Thrissur, Tirur, Kozhikode and Kannur before reaching Kasaragod.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:8 Dec 2021, 02:59 PM IST
Business NewsNewsIndiaKerala CM Pinarayi Vijayan seeks PM Modi’s sanction for Silver Line semi-high speed rail project

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Motors

    969.20
    10:49 AM | 17 SEP 2024
    -18.95 (-1.92%)

    Oil & Natural Gas Corporation

    293.45
    10:49 AM | 17 SEP 2024
    0.95 (0.32%)

    Tata Steel

    153.10
    10:49 AM | 17 SEP 2024
    -1.1 (-0.71%)

    Bandhan Bank

    207.30
    10:49 AM | 17 SEP 2024
    2.15 (1.05%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Nuvoco Vistas Corporation

    375.85
    10:43 AM | 17 SEP 2024
    25.05 (7.14%)

    Mahanagar Gas

    1,936.65
    10:43 AM | 17 SEP 2024
    117.7 (6.47%)

    Indraprastha Gas

    561.60
    10:43 AM | 17 SEP 2024
    31.25 (5.89%)

    Doms Industries

    2,953.60
    10:43 AM | 17 SEP 2024
    157.8 (5.64%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      72,970.00-150.00
      Chennai
      73,280.0020.00
      Delhi
      73,330.00-2,085.00
      Kolkata
      73,290.00-2,460.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L-0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts