The Ministry of Railway signed an agreement to form a joint venture company with Jharkhand government for the purpose, an official statement said.
Jharkhand government has identified three projects to be taken up by the J-V which include Namkum-Kandra, Giridih- Parasnath-Madhuban, Tori-Chatra covering a length of 222 km at a cost of Rs 2,150 crore, it said.
Jharkhand has become the ninth state after Kerala, Andhra Pradesh, Karnataka, Maharashtra, Odisha, Haryana, Chhattisgarh and Gujarat for the J-V, in which the state government will have 51 per cent equity.
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