Bhopal: An Memorandum of Understanding (MoU) has been signed for Indore-Manmad, 362 km long New Railway Project between the Jawahar Lal Nehru Port Trust, union ministry for shipping, Union ministry for railways, MP Government and Maharashtra Government in New Delhi on Tuesday. The project worth Rs 8575 crore will reduce distance between Indore and Mumbai by 171 km.
CM Shivraj Singh Chouhan, Maharashtra CM Devendra Fadnavis, Union minister for road transport Nitin Gadkari, Union minister for railways Piyush Goyal, Union minister of state for defence Subhash Bhamre and chairman of the railway board Ashvini Lohani were present on this occasion.
Union Minister Gadkari said that reduction in distance between Indore and Mumbai will boost trade. Containers carrying goods would reach directly to Manmad and Jawahar Lal Nehru Port from Indore now. Moreover, tourism will also flourish. Chouhan has informed that this road will pass through Delhi-Mumbai Industrial Corridor-Igatpuri, Nashik via Sinar to Pune, Khed, Dhule and Nardana.
The project will result in an economic benefit of about Rs. 15 thousand crore within the first 10 years of its operation. It will also help in employment generation and in reducing pollution and fuel consumption. Chouhan said that equity share of the Government of MP or its nominated undertaking will be 15 percent. This project will bring down logistic cost drastically for movement of cargo from the cities of North India like Lucknow, Gwalior, Kanpur, Agra and Indore, Dhule besides Bhopal region to Jawaharlal Nehru Port and Mumbai.