C'garh govt inks pact with central PSUs for railway project

Chhattisgarh government today signed a share-holding agreement with a few central government-run corporations for the second phase of Jagdalpur-Raoghat railway project.
The agreement was signed at the official residence of Chief Minister Raman Singh. A special purpose vehicle (SPV)-- Chhattisgarh Dakshin Railway Pvt Ltd-- was constituted through the agreement to build 142 km railway line at a cost of Rs 2,000 crore.
Raman Singh said that the project would lead to the economic development of tribal-dominated Bastar region.
As per the agreement, National Mines Development Corporation will have 43 per cent stake in the SPV, followed by IRCON, a Ministry of Railways company, which will have 26 per cent, SAIL 21 per cent and Chhattisgarh Mines Development Corporation 10 per cent.

The work on the first phase of the project, which will connect Dalli-Rajhara with Raoghat, is already underway.
The second phase will have 32 medium-size and 172 small bridges, 12 stations and will require 876 hectares of land.