MoU for SPV, Concession Agreement for Jaigad Port Connectivity Signed and MUTP-3 Launched

Signing of MoU for formation of Special Purpose Vehicle (SPV) for speedy implementation of railway projects in Maharashtra in the august presence of Shri Suresh Prabhakar Prabhu, Hon’ble Minister of Railways and Shri Devendra Fadnavis, Hon’ble Chief Minsiter of Maharashtra at Sahyadri Guest House, Malabar Hill, Mumbai on 28.6.2015
Signing of MoU for formation of Special Purpose Vehicle (SPV) for speedy implementation of railway projects in Maharashtra in the august presence of Shri Suresh Prabhakar Prabhu, Hon’ble Minister of Railways and Shri Devendra Fadnavis, Hon’ble Chief Minsiter of Maharashtra at Sahyadri Guest House, Malabar Hill, Mumbai on 28.6.2015

Mumbai: Ministry of Railways and Government of Maharashtra signed a Memorandum of Understanding (MoU) for Special Purpose Vehicle (SPV) for speedy implementation of railway projects in Maharashtra in the august presence of Shri Suresh Prabhakar Prabhu, Hon’ble Minister of Railways and Shri Devendra Fadnavis, Hon’ble Chief Minsiter of Maharashtra at Sahyadri Guest House, Malabar Hill, Mumbai on 28.6.2015. Shri Sunil Kumar Sood, General Manager, Central Railway represented the Ministry of Railways and Shri Gautam Chatterjee, Additional Chief Secretary (Transport and Ports) represented Government of Maharashtra as the signatories to sign the MoU.

Speaking on the occasion, Shri Suresh Prabhakar Prabhu, Hon’ble Minister of Railways said 75 lakh people travel daily in Mumbai Suburban System. Due increase in population, the services are inadequate because Mumbai suburban system is lifeline of Mumbai. That’s why MUTP-3 has been launched at an approximate cost of Rs.11000/- crore. In fact it has been discussed with the Chief Minister so as to include elevated road option along with elevated rail corridor even if the cost increases.

He further said the GDP of Maharashtra is the highest in the country and if Maharashtra progresses, then the nation progresses. The SPV is an umbrella organisation of Indian Railways and Govt. of Maharashtra and it is a great step forward. He also added that the signing of concession agreement between KRCL and JSW Infrastructure for the 33 km rail line costing Rs.771 Crore, connecting Jaigad port with Digni on Konkan Railway is achieved in record time. It is also serving a larger public interest for development of backward region.

Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra while addressing the gathering said today is an important day in the history of Maharashtra. He said earlier due to lack of participation by State in the railway projects it delayed the execution of the projects. But now for the projects in Maharashtra in which State Government is partner, people will use the facility during the next 5 years. He said that State Government can explore the possibility of elevated road along with railway corridor above the railway line. He also said integrated transport system with single ticketing will enable people to use public transport in a big way. He appreciated the Hon’ble Minister for Railways for his fast decision making and execution.

Shri Subhash Desai, Guardian Minister Mumbai City, and Shri Divakar Raote, Hon’ble Minister of Transport, Maharashtra and Shri Arvind Sawant, Hon’ble MP also spoke on the occasion. S/Shri Rajan Vichare, Ramdas Athawale, Dr. Shrikant Shinde, Hon’ble MPs and Shri Mangal Prabhat Lodha, Sunil Prabhu and Smt. Manda Mhatre, Hon’ble MLAs were also graced the occasion.

Shri Sunil Kumar Sood, General Manager, Central Railway welcomed the gathering. Shri Prabhat Sahai, CMD, MRVC gave vote of thanks. Shri Narendra A. Patil, CPRO, Central Railway compered the programme

In addition to this, signing of concession agreement of Jaigad Port connectivity between Konkan Railway and Jaigad Digni Railway Ltd, Launched MUTP-III and implemented e-office in Mumbai Railway Vikas Corporation.

The proposed SPV is a joint venture Public Sector Company namely Maharashtra Rail Infrastructure Development Company (महाराष्ट्र लोहमारग पायाभूत विकास कंपनी) with registered office in Mumbai with 50% shares each between Ministry of Railway and Govt of Maharashtra under the Railways Act 1989.

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