NMDC JV to construct Rs 2,538 Crore rail corridor project with IRCON
RAIPUR: State-owned NMDC Ltd today said that Bastar Railway Private Ltd (BRPL) and IRCON have signed a project execution agreement, under which the latter will construct a 140-km long railway line between Jagdalpur to Rawghat in Chattisgarh.
BRPL is a joint venture company formed by the NMDC Ltd, SAIL, IRCON and CMDC Ltd, with NMDC being the major shareholder with 43 per cent equity stake.
According to a press release issued by the miner, the railway line will have 13 new Railway stations and the estimated project cost of this Rail corridor is Rs 2,538 crore approximately.
The company said the first phase of land acquisition for the said project has already started.
“The details of proposed land of 101 km fall under Bastar and Kondegaon have already been sent to Ministry of Railways for publication in the Gazette,” the statement said.
Chhattisgarh Raman Singh has advised the concerned officials to complete the process of land acquisition and diversion of forest land within three months and to start the construction works by January 2018, it said.