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SPV formed for Bharuch-Samni-Dahej gauge conversion project

Monday, 05 Mar 2007
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Rail Vikas Nigam under the Union Ministry of Railways has formed a new special purpose vehicle - 'Bharuch-Dahej Railway Company Limited' (BDRCL) to implement the 62.36 km Bharuch-Samni-Dahej gauge conversion project in Gujarat. The project will entail an investment of Rs.356 crore.

This is one of the port connectivity projects under the National Rail Vikas Yojna being implemented by RVNL. Western Railway had proposed to build a third line from Virar to Vadodara and the Bharuch-Samni narrow gauge line conversion has been proposed as part of this line.

The SPV has been registered as a company with an equity base of Rs.65 crore with the balance being financed through non-recourse debt. The equity partners of the project are RNNL, Dahej SEZ, Gujarat Maritime Board, Adani Petronet Port and Gujarat Narmada Valley Fertilizers.

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