Indian Railways today signed an agreement with the Maharashtra Metro Rail Corporation (MahaMetro) to create a mass rapid transit system in the city.
Speaking at the MoU signing event, which saw presence of road transport and highways minister Nitin Gadkari and chief minister Devendra Fadnavis, railway minister Piyush Goyal said his ministry is also trying to execute a plan for setting up railway line across the national highways, according to an official release.
Under the MoU, the Railways and MahaMetro would work towards linking railway line to metro coaches on broad gauge network and creating a mass rapid transit system in Nagpur.
"We have proposed to connect Nagpur-Mumbai Super Express Way (Samriddhi Mahamarg) to railway line connecting Nagpur and Mumbai. The construction of such a hi-speed rail corridor will make it feasible to cover distance between the two cities in just five hours," said Goyal.
He further said his ministry has allocated Rs 67,000 crore for development of suburban railway network in Mumbai which is being used by one third of total railway passengers in the country.
Speaking about the ambitious railway electrification project undertaken by the government, he said, "This will cut the cost of fuel usage worth Rs 12,000-15,000 crore. We are trying to enhance the efficiency of railways without increasing the ticket fares."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
