Indian Railways News => | Topic started by eabhi200k on Oct 08, 2013 - 04:00:03 AM |
Title - Railways fast-tracks projects in VIP constituenciesPosted by : eabhi200k on Oct 08, 2013 - 04:00:03 AM |
|
Lok Sabha elections in 2014 have prompted the railways to speed up projects in VIP constituencies.Railways on Thursday signed a Memorandum of Understanding with steel ministry’s public sector unit, Rashtriya Ispat Nigam Limited (RINL), to fast-track the wheel factory project in Congress president Sonia Gandhi’s Raebareli.Ministers from both participating ministries, Railway Minister Mallikarjun Kharge and Steel Minister Benipersad Verma, were present to oversee the signing ceremony. The Rs 960-crore forged wheel factory was announced in the current budget and within a short period, railways arranged the resources. The state government has already provided 40 acres of land in Raebareli. RINL will invest the entire cost under assured off-take for around 26 years. |