INDORE-MANMAD RAIL PROJECT

About:

• The MoU was signed between –
  • Jawaharlal Nehru Port Trust- Ministry of Shipping,
    
    
  • Ministry of Railways,
    
    
  • Government of Maharashtra and
    
    
  • Government of Madhya Pradesh.
    
    
  
  
  
• Project details:
  • Earlier, Containers and other rail traffic from Indore had to pass 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 km.
    
    
  
  
  
• Implementation mechanism:
  • 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 Ministry of Shipping with equity share of 55%, Government of Maharashtra, Government of Madhya Pradesh, and others with equity share of 15 % each.
    
    
  
  
  

• Duration: The project will be constructed within 6 years.
  
  
• Project benefits: The project will reduce the logistics cost for the cargo centres. By providing an alternate route, it will reduce congestion on the existing lines.