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 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.
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)
