Union Cabinet approved a new rail coach manufacturing unit in Kolar

Mar 1, 2014 12:09 IST


The Union Cabinet on 28 February 2014 approved setting up of a new rail coach manufacturing unit at Kolar, Karnataka. The unit will manufacture 500 coaches per annum at an estimated cost of 1460.92 crore rupees with active participation of State Government.

The Ministry of Railways will finance 50 percent of the cost. The government of Karnataka will provide the remaining 50 percent of the project cost with escalation and required land to the extent of about 1118.38 acres, free of cost.

The proposed plant shall help Indian Railways in ensuring timely availability of passenger coaches to meet the increasing demands of passenger transportation.

Quick Digest

Who: Union Cabinet

Where: Kolar , Karnataka

What: new rail coach

When: 28 February 2014

Is this article important for exams ? Yes79 People Agreed
Read more Current Affairs on: Union Cabinet , new rail coach manufacturing unit , Kolar , Karnataka

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