AP Signs MoU With Indian Railways on Major Projects

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Indian Railways

The year 2016 concluded with a major deal coming AP’s way. As to what looks like a potential development, the Sunrise state and Indian Railways have collaborated towards a large scale initiative.

Andhra Pradesh government has signed a memorandum of understanding with the Indian Railways for setting up a joint venture company that will take up major rail projects in the state.

The core objective is to develop at least 21 railway stations in the state, setting standards at par with the airports.

The entire plan was run through by Suresh Prabhu, Railway Minister via video link live from New Delhi as the CM and other important dignitaries attended the event at a Railway Institute back home.

Suresh Prabhu also shared that Indian Railways is also trying to tie up with banks and other financial institutions to fund the Joint Venture between the two entities.

Back home, a foundation stone was also laid on the occasion for the Nadikudi-Srikalahasti new railway line while free high-speed WiFi facility was launched in Guntur railway station. The Chief Minister stated that Rs. 300 crore was initially allotted for acquiring land for the Nadikudi-Srikalahasti railway line.

The CM also shared that the 309-km line would propel economic growth in Chittoor, SPS Nellore, Prakasam and Guntur districts. In total, almost 2400 acres of land would have to be acquired for the project taken up at an overall cost of Rs. 2999 crore.



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