पटना Patna (PNBE): Execution of two railway projects – diesel locomotive manufacturing factory at Marhaura in Saran district and electric locomotive manufacturing factory at Madhepura – allocated to Bihar in 2006 is a priority for the Narendra Modi government. Railway Board chairman Arunendra Kumar is likely to present a blueprint of these two factories and discuss early execution of the two projects with the PM in the first week of November.
According to a Railway Board official, railways is faced with fund crunch and, as such, has decided to complete most of the ambitious railway projects on public-private partnership (PPP) basis in the current fiscal year. Six projects have been selected for execution on PPP basis, and they include the Marhaura and Madhepura projects.
A draft policy in this regard also seeks to get state governments play a proactive role in execution of the railway projects in their respective states. The draft policy also envisages creating railway connectivity on private land. Railways would require at least Rs five lakh crore to take up several important projects in the country, the Railway Board official said.
According to sources, the Madhepura project was approved at an estimated cost of Rs 1,294 crore while the Marhaura factory was to come up at a cost of Rs 2,025 crore. Four foreign companies have offered bids for Madhepura electric engine factory while two internationally reputed companies have so far come forward for Marhaura diesel locomotive factory, the sources said adding about 100 locomotives each would be manufactured every year at these two factories.