The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Mr Narendra Modi, has given its approval for doubling of Pune-Miraj-Londa railway line project at an estimated cost of Rs.3,627.47 crore and expected completion cost of Rs.4,246.84 crore with 5% escalation per annum.
The length of the railway line will be 467 km. The completion period of the project will be five years. Doubling of this line will greatly ease the ever increasing freight traffic between Pune-Miraj-Londa section thereby increasing the revenue of Railways.
The Pune-Miraj section via Satara is non-electrified single line on diesel traction and it is oversaturated. The doubling of the section would come as an advantage as it would strengthen the rail network necessary to operate more passenger trains with increased speed and better efficiency. Doubling between Bangalore-Hubli and Hospet-Vasco-da-gama is already in progress.
The CCEA also approved doubling of Surendranagar – Rajkot Railway line in Gujarat and three other railway projects in Uttar Pradesh under the North-Eastern Railway, Andhra Pradesh and Odisha under the East Coast Railway and a 3rd line for the Bina-Katni Railway Line in Madhya Pradesh under the West Central Railway.
In other major decisions taken today, the Union Cabinet gave its approval to the National Capital Goods Policy aimed at giving impetus to the Make In India programme. The Cabinet also approved India-Japan MoU for promoting low carbon thermal power development, financial restructuring plan of the Hindustan Fertilizers Ltd and take over Hindustan Steelworks Constructions Ltd by the National Building Construction Corporation, NBCC.