KOLKATA: IRCON, an arm of the Indian Railways, will construct a 140-km long railway line between Jagdalpur and Rawghat in Chhattisgarh at an estimated project cost of around Rs 2,538 crore.
A Project Execution Agreement (PEA) was signed for the purpose between IRCON and Bastar Railway Private Limited (BRPL), reports The Economic Times.
BRPL is a joint venture company formed by NMDC Limited, Steel Authority of India Limited (SAIL), IRCON and CMDC Limited, with NMDC being the major shareholder with 43% equity stake. Thirteen new railway stations are slated to come up on the proposed new line.
The first phase of land acquisition for the project has already started.
The details of 101 km land falling under Bastar and Kondegaon have already been sent to Ministry of Railways for publication in the Gazette. The chief minister 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.
On the occasion, the CM also released the logo of Bastar Railway Private Limited.
TRK Rao, Chairman, Bastar Railway Private Limited & Director (Commercial), NMDC Limited and M L Gupta, Executive Director, IRCON signed the PEA in presence of the Chhattisgarh chief minister, Raman Singh.
Subodh Kumar Singh, Secretary, Department of Mineral Resources, Chhattisgarh and Directors of BRPL D Alarmelmawgai, A K Mishra, Alok Kumar Mehta and VS Prabhakar, CEO, BRPL were also present on the occasion.