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The Cabinet Committee on Economic Affairs (CCEA), under the chairmanship of Prime Minister Narendra Modi, on Wednesday gave its crucial approval for two significant multi-tracking railway projects spanning Maharashtra and Madhya Pradesh. With a total estimated cost of ?3,399 crore, these vital infrastructure developments are projected to be completed by the fiscal year 2029-30. The two approved projects will collectively add approximately 176 kilometers to the existing Indian Railways network, directly benefiting four districts across the two states. This expansion is set to significantly boost connectivity for 784 villages, serving a population of around 19.74 lakh. These new railway lines are deemed essential for the efficient transportation of a diverse range of commodities, including coal, cement, clinker, gypsum, fly ash, containers, agricultural products, and petroleum. The planned capacity augmentation is expected to facilitate an impressive additional freight traffic of 18.40 Million Tonnes Per Annum (MTPA). According to an official statement, these new railway lines are anticipated to play a dual role in contributing to Indias climate goals and simultaneously minimizing logistics costs, thereby fostering economic efficiency. Moreover, the construction phase of these projects is set to provide a substantial boost to employment, with the generation of approximately 74 lakh human-days of direct work, as highlighted in a PIB release. |