Business Daily from THE HINDU group of publications Friday, Aug 24, 2007 ePaper |
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Railways Industry & Economy - Infrastructure Government - Policy PMO approves NE rail-link funding
Our Bureau New Delhi, Aug 23 In a move to improve rail and road connectivity to the North East region, the Prime Minister, Dr Manmohan Singh, has approved funding of the Bogibeel rail-cum-road bridge and Rangi-Murkongselek gauge conversion projects at a cost of Rs 1,980 crore. In an official press release, the PM Office stated additional budgetary support will be given to the Railways to complete the projects. The Ministry of Railways will submit a proposal for the approval of the Cabinet. A detailed milestone map with target dates is to be prepared for these projects with indication of annual requirement of funds. The Ministry of Railways will set up a dedicated fund for these projects to ensure timely implementation, it stated adding that the cost overruns will be funded by the Railways from internal resources.
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