DFCC signs MoU with railways

Image
Press Trust of India New Delhi
Last Updated : Apr 02 2014 | 6:38 PM IST
The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) has signed a Memorandum of Understanding (MoU) with Railway Ministry to lay down the targets for various important activities of DFC projects for the current fiscal.
The MoU will also ensure timely release of adequate funds for execution of the project, land acquisition and continuance of full assistance by the Ministry in deputing Railway officials on tenure basis to work in DFCCIL.
The MoU was signed last week, a senior DFCC official said.
The DFCCIL, a special purpose vehicle, is constructing a 3300 km-long eastern and western freight corridors exclusively for movement of goods trains.
The 1839 km-long Eastern Dedicated Freight Corridor will run through Punjab, Haryana, Uttar Pradesh, Bihar, Jharkhand and West Bengal, while the 1499 km-long Western Dedicated Freight Corridor will run from Dadri (Uttar Pradesh) to Jawaharlal Nehru Port Trust (Mumbai), passing through Maharashtra, Gujarat, Rajasthan, Haryana and Uttar Pradesh.
The two corridors will contribute in a great manner in the economic development of the states through which they pass as well as ease traffic load on existing Indian Railways network.
Core sectors like power houses, fertiliser, foodgrains will be benefited by this infrastructure.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 02 2014 | 6:38 PM IST

Next Story