An MoU was signed for the implementation of 362-km Indore-Manmad New Railway Line Project in New Delhi today.
The MoU is between Jawaharlal Nehru Port Trust- Ministry of Shipping, Ministry of Railways, Governments of Maharashtra and Madhya Pradesh. The project will reduce the distance from Mumbai and Pune to key central India locations by 171 kilometers.
Talking about the project, Shipping Minister Nitin Gadkari said, the first of its kind of project will not only reduce the distance by a huge margin but also boost the developmental process of the tribal areas along the line. Industrial connectivity between Indore and Manmad will also get strengthened by this move, he added.
Railway Minister Piyush Goyal, Chief Ministers of Madhya Pradesh and Maharashtra were among those present on the occasion.
The project is estimated to result in cumulative net economic benefits of 15,000 crore rupees in the first ten years of operations. It will reduce the logistics cost for the cargo centres located in Lucknow, Agra, Gwalior and Kanpur belt as well as Indore-Dhule – Bhopal region to the gateway ports JNPT and Mumbai.