Indian Railways will soon be coming up with an 1100 Km green-field freight corridor on the East Coast. The budget for constructing the corridor has been estimated at Rs. 44,000 crores. This 1100 Km green-field freight corridor on the East Coast will connect Kharagpur with Vijayawada, said the news sources.
Sources also revealed that the corridor which is likely to be announced in the 2019-20 budget will carry 200 mt of freight per annum and the construction regarding the project will be done by Dedicated Freight Corridor Corporation (DFCC).
At present, DFCC is working on the eastern and western corridor which are being constructed as a part of the mega project in order to connect the mainland with ports on both the eastern and the western coasts of India. After the completion of the project, the DFCC will begin with the construction of the corridor on the East Coast.
Anurag Sachan, managing director at DFCC said, “There is very heavy traffic on this route. The work on the proposal is currently going on, We will be proposing funding from multilateral agencies along with some equity from Indian railways for the project. The cost of the first phase of the project is estimated to be Rs 81,000 crore.”
As per the news sources, the funding regarding the construction of the western corridor has been made completely by the Japan International Cooperation Agency (JICA). Whereas the construction of the eastern corridor is partially funded by the World Bank.
Modi government has given special impetus on infrastructure development and railways throughout its tenure.