<p>The railway minister announced the project while presenting the budget on Friday.<br />The ministry, which is planning to unveil a new policy to execute this project under Public-Private Partnership (PPP) mode, is expected to invest over Rs 35,000 crore in it. <br /><br />Industrial hubs<br /><br />As per the proposals, the corridor will cover major industrial hubs like Sriperumbudur, Ranipet, Hosur, Bangalore, Davangere, Hubli-Dharwad and Belgaum. It is similar to the one the railways is planning to build between Mumbai and Delhi. The corridor will have a dedicated railway line and six-lane highways to ensure seamless movement of freights. <br />All along the corridor, industrial hubs, logistic parks, mega power plants, integrated townships, Special Economic Zones and information technology parks will come up. <br />It will also lead to the development of the neighbourhood within a radius of about 20 to 25 km, a senior official in the railway ministry told Deccan Herald here. <br /><br />The Karnataka government is also a partner in the project and will have to take steps to acquire land and other related activities. <br /><br />The government, in its recent proposal to the Centre, had promised to provide all help, including the acquisition of land for the project. <br /><br />The railways has set up a special purpose vehicle, Dedicated Freight Corridor Corporation of India (DFCCIL), to undertake planning and development, mobilisation of financial resources and construction, maintenance and operation of the project. <br /><br />Though the Karnataka government was keen to take the corridor to Mumbai, the railways is conducting a study to touch the Goa port, said the official. <br /><br />“The corridor would give impetus to niche areas and help in the promotion of engineering services in a big way, apart from effectively leveraging the strength of the IT and electronics industry in south India,” a senior official in the Planning Commission who is part of preparing the blue print of the project, said. <br /><br />DH News Service</p>
<p>The railway minister announced the project while presenting the budget on Friday.<br />The ministry, which is planning to unveil a new policy to execute this project under Public-Private Partnership (PPP) mode, is expected to invest over Rs 35,000 crore in it. <br /><br />Industrial hubs<br /><br />As per the proposals, the corridor will cover major industrial hubs like Sriperumbudur, Ranipet, Hosur, Bangalore, Davangere, Hubli-Dharwad and Belgaum. It is similar to the one the railways is planning to build between Mumbai and Delhi. The corridor will have a dedicated railway line and six-lane highways to ensure seamless movement of freights. <br />All along the corridor, industrial hubs, logistic parks, mega power plants, integrated townships, Special Economic Zones and information technology parks will come up. <br />It will also lead to the development of the neighbourhood within a radius of about 20 to 25 km, a senior official in the railway ministry told Deccan Herald here. <br /><br />The Karnataka government is also a partner in the project and will have to take steps to acquire land and other related activities. <br /><br />The government, in its recent proposal to the Centre, had promised to provide all help, including the acquisition of land for the project. <br /><br />The railways has set up a special purpose vehicle, Dedicated Freight Corridor Corporation of India (DFCCIL), to undertake planning and development, mobilisation of financial resources and construction, maintenance and operation of the project. <br /><br />Though the Karnataka government was keen to take the corridor to Mumbai, the railways is conducting a study to touch the Goa port, said the official. <br /><br />“The corridor would give impetus to niche areas and help in the promotion of engineering services in a big way, apart from effectively leveraging the strength of the IT and electronics industry in south India,” a senior official in the Planning Commission who is part of preparing the blue print of the project, said. <br /><br />DH News Service</p>
