The Jawaharlal Nehru Port Trust, under the Ministry of Shipping, on August 28, 2018 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, travelling a distance of 815 km.
The new project will reduce the distance from Mumbai/Pune to key central India locations by 171 kilometers, resulting in lower logistics costs.
This is significant 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.
Highlights of the Indore - Manmad New Railway Line Project
• The implementation of the project will be through the Indian Port Rail Corporation Limited (IPRCL) on Joint Venture SPV model.
• A Joint Venture Company will be formed between the Ministry of Shipping or its nominated entity including JNPT with equity share of 55 percent; Maharashtra or its nominated entity; Madhya Pradesh or its nominated entity; and others with equity share of 15 percent each.
• The Jawaharlal Nehru Port Trust (JNPT) will be the main promoter of the project.
• The 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 project will be constructed within six years.
The logistics advantages of the project include:
President Ram Nath Kovind’s visit to Cyprus: Key Highlights
India records best-ever performance at Asian Games 2018: In Detail
Indus Waters Treaty: India, Pakistan agree to undertake Treaty mandated tours on both sides
Vodafone-Idea merger completed; creating India’s largest telecom service provider