Title - Rail corridor project in Chhattisgarh to be built via special purpose vehicle

RAIPUR: The rail corridor project in the state is planned to be implemented with the formation of a special purpose vehicle (SPV) which would have equities of Chhattisgarh government, Indian Railway and state-run South Eastern Coalfields Limited (SECL).

The SPV would construct the 180 km eastern corridor and 122 km east-west corridor in the state under the Rail Corridor project.

A high level meeting chaired by Chief Minister Raman Singh held on July 7 has decided the same.

The Railways would hold a 26 percent stake while Chhattisgarh government's share would be around 8-10 percent in the project. The remaining would be owned by the SECL.

The project is aimed to provide better facilities to the common man, the passenger trains would be given preference under the project.

Further, the eastern corridor is also proposed along the Bhupdevpur-Gharghoda-Dharamjaigarh-Korba and Gharghoda-Dongamauha routes, with an approximate length of 180 kms and would shape up at a cost of nearly Rs 2,000 crore.

The construction of the rail corridor will allow people to have the facility of direct or a nearby railway station and it would also advance the development process of backward areas.