The Maharashtra Government on 4 October 2012 accorded approval to the Rs 900-crore Konkan railway project.

The proposed project will connect to all the important ports in the state. While the state government will invest Rs 450 crore, the remaining Rs 450 crore will be allocated by the Central Government. The state government will rope in private companies associated with the port development authority to raise the equity to fund the project. The Central Government has begun the process of conducting survey to outline the details and feasibility of the project.

This apart, Narayan Rane, State industries minister has sought Rs 250 crore for a terminal in village Madure in Sawantwadi. Currently, land acquisition is underway and the project is expected to be completed by 2014. Also, in the pipeline is the Rs1,200 crore Kolhapur-Vaibhavwadi railway link project. However, details of the project are yet to be worked out.