Updated By: LatestGKGS Desk
Ministry of Railways Maharashtra & MP Sign MoU for Indore-Manmad Railway Line Project
Ministry of Railways Maharashtra & Madhya Pradesh Signed MoU for Indore-Manmad Railway Line Project: Details, Highlights
The Jawaharlal Nehru Port Trust, under the Ministry of Shipping, signed a Memorandum of Understanding (MoU) with the Ministry of Railways, Maharashtra and Madhya Pradesh for implementation of the 362 km Indore- Manmad New Railway Line Project.
As of now, containers and other rail traffic from Indore and other Central Indian locations need to follow an indirect route through Vadodara and Surat to reach Mumbai, Pune, and ports like JNPT, traveling a distance of 815 km.
The Indore- Manmad New Railway Line Project will reduce the distance from Mumbai/Pune to key central India locations by 171 kilometers, resulting in lower logistics costs. This is also important as the new railway line will pass through the Delhi-Mumbai Industrial Corridor nodes of Igatpuri, Nashik, and Sinnar; Pune and Khed; and Dhule and Nardana.
The implementation of the project will be through the Indian Port Rail Corporation Limited (IPRCL) on Joint Venture SPV model.
The Indore- Manmad New Railway Line Project is estimated to result in cumulative net economic benefits of Rs 15000 crore in the first ten years of operations. It will help in employment generation, reduction in pollution, fuel consumption and vehicle operating costs.
The Indore- Manmad New Railway Line Project will be constructed within six years.
