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IRCON signs MoU with Chhattisgarh for rail corridors

Tuesday, 06 Nov 2012
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The Chhattisgarh Government has signed an MoU with IRCON and South Eastern Coalfields for construction of about 300 km of rail network.

The MoU envisages the development two rail corridors in the state. The rail corridors project will be implemented in JV model in which IRCON, a subsidiary of Railways, will hold 26 per cent equity and the balance will be held by the state government and SECL. The project — East Corridor and East-West Corridor — will come up at an estimated cost of Rs 4,000 crore. While East Corridor will be about 180 km from Bhupdevpur—Gharghoda—Dharamjaygarh up to Korba, the 112-km long East-West Corridor will be from Gevra Road to Pendra Road.
 

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