The state will have its share of 50 percent in the said project, he said in his interaction with Modi via video conferencing.
The proposal of having 50 percent financial sharing will be put before the state cabinet for final approval.
Modi has instructed Kshatriya to complete the rail-line project within a stipulated period, sources said.
While interacting with the PM, Kshatriya said that the Ahmednagar-Beed-Parli Vaijanath railway line will boost development of the region.
The project of 261.5 km long railway line will need 1650 Ha land, out of which 1250 Ha land has been acquired by the state government.
He also informed Modi that railway ministry has conveyed to the state the proposed final cost of the project.
Kshatriya assured the Prime minister that he will put the proposal for the approval of state's contribution of 50 percent in the project, they added.
He added that the work of track linking of 12 km between Ahmednagar and Narayandoh has already been completed whereas the land acquisition for Narayandoh to Parli is also completed.
According to the Chief Secretary engineering draft plan for Ahmednagar railway yard is ready.
The Railway ministry too disbursed Rs 274 crore for the project, he said.
Meanwhile, Modi also took a review of the Navi Mumbai airport in March and NTPC project at Solapur in April through video conference with Kshatriya.
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