Modi govt greenlights two new railway projects for Andhra Pradesh, Telangana, Bihar at a cost of ₹6,798 crore

The Modi government approved two railway projects for Andhra Pradesh, Telangana, and Bihar, including a 2,245 crore line connecting Amravati, with completion expected in five years.

Livemint
Published24 Oct 2024, 03:37 PM IST
Modi govt greenlights two new railway projects for Andhra Pradesh, Telangana, Bihar at a cost of  <span class='webrupee'>₹</span>6,798 crore
Modi govt greenlights two new railway projects for Andhra Pradesh, Telangana, Bihar at a cost of ₹6,798 crore (Reuters)

The Narendra Modi government approved two railway projects covering eight districts of Andhra Pradesh, Telangana and Bihar on Thursday. This includes a new railway line connecting Amravati — the proposed new capital of Andhra Pradesh — with investment of 2,245 crore. The projects will be completed within five years.

"New line project will provide connectivity to approximately 168 villages and about 12 lakh population with nine new stations. Multi-tracking project will enhance connectivity to two ‘aspirational districts’ — Sitamarhi and Muzaffarpur — and serving approximately 388 villages with a cumulative population of nine lakh," read an excerpt from the official PIB release.

Officials said the projects will also generate direct employment for about 106 lakh human-days.

The two projects are:

  • Doubling of the Narkatiaganj-Raxaul-Sitamarhi-Darbhanga and Sitamarhi-Muzaffarpur sections — covering a total of 256 km. This will in turn strengthen connectivity with Nepal, north-east India and the border areas.
  • Construction of a new line between Errupalem and Namburu via Amaravati — the new capital of Andhra Pradesh — covering a distance of 57 km. The route will go through NTR Vijayawada and Guntur districts of Andhra Pradesh and Khammam district of Telangana.

The new line proposal will also provide direct connectivity to "Amaravati" the proposed Capital of Andhra Pradesh and improve mobility for industries and the population. According to the Cabinet Committee on Economic Affairs, the project will also provide a much-required infrastructural boost to one of the busiest sections across Indian Railways — helping to ease operations and reduce congestion. Officials indicated that a 3.2-kilometre bridge spanning the Krishna River will be built as part of the project.

Also Read | Telecom firms ask govt to do away with fees on AGR

The government also approved setting up of a 1,000 crore venture capital fund for start-ups on Thursday — a move welcomed by the industry as a game changer. It will function under the aegis of Indian National Space Promotion and Authorization Centre, and will be operated along with Indian Space Research Organisation.

(With inputs from agencies)

 

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:24 Oct 2024, 03:37 PM IST
Business NewsNewsIndiaModi govt greenlights two new railway projects for Andhra Pradesh, Telangana, Bihar at a cost of ₹6,798 crore

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Power Grid Corporation Of India share price

    338.70
    03:50 PM | 26 NOV 2024
    -4.15 (-1.21%)

    Adani Power share price

    437.75
    03:58 PM | 26 NOV 2024
    -9.1 (-2.04%)

    Bharat Electronics share price

    297.80
    03:54 PM | 26 NOV 2024
    5.35 (1.83%)

    GAIL India share price

    193.90
    03:54 PM | 26 NOV 2024
    -5.25 (-2.64%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Piramal Enterprises share price

    1,197.35
    03:47 PM | 26 NOV 2024
    89.55 (8.08%)

    Laurus Labs share price

    545.00
    03:29 PM | 26 NOV 2024
    12.85 (2.41%)

    Wipro share price

    589.05
    03:58 PM | 26 NOV 2024
    6.3 (1.08%)

    Federal Bank share price

    213.55
    03:51 PM | 26 NOV 2024
    0.55 (0.26%)
    More from 52 Week High

    Poly Medicure share price

    2,775.00
    03:29 PM | 26 NOV 2024
    -227.7 (-7.58%)

    Adani Green Energy share price

    899.40
    03:59 PM | 26 NOV 2024
    -68.25 (-7.05%)

    DCM Shriram share price

    1,160.00
    03:29 PM | 26 NOV 2024
    -67.3 (-5.48%)

    Fortis Healthcare share price

    664.60
    03:59 PM | 26 NOV 2024
    -36.15 (-5.16%)
    More from Top Losers

    Piramal Enterprises share price

    1,197.35
    03:47 PM | 26 NOV 2024
    89.55 (8.08%)

    Triveni Turbines share price

    824.30
    03:54 PM | 26 NOV 2024
    60.4 (7.91%)

    Capri Global Capital share price

    210.00
    03:29 PM | 26 NOV 2024
    15.35 (7.89%)

    Vodafone Idea share price

    7.53
    03:59 PM | 26 NOV 2024
    0.55 (7.88%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      78,555.00-1,090.00
      Chennai
      78,561.00-1,090.00
      Delhi
      78,713.00-1,090.00
      Kolkata
      78,565.00-1,090.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts