Business Daily from THE HINDU group of publications Tuesday, Nov 18, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Railways States - Tamil Nadu TN Govt urged to share cost of 5 new Rly projects Our Correspondent Madurai, Nov. 17 The Tamilnadu Chamber of Commerce and Industry has urged the Tamil Nadu Government to accord its consent and share the cost of five new railway projects in the State. In a statement here, the Senior President of the Chamber, Mr S. Rethinavelu, said a number of railway schemes pertaining to Tamil Nadu are under implementation. Of these, five new railway projects viz., Dindigul to Lower Camp via Periyakulam, Theni and Bodinayaknur, Tiruvannamalai to Jolarpettai via Chengam, Needamangalam to Pattukottai via Mannakudi, Morappur to Dharmapuri and Ariyalur to Thanjavur via Thiruvaiyaru have been sanctioned at an estimated cost of Rs 1,500 crore, seeking the State Government to signify its consent to provide its share of Rs 750 crore in the cost. And, the Tamil Nadu Government has refused to give its consent to these schemes, citing them as financially unviable. Mr Rethinavelu has pointed out that the Railway Administration sanctions new projects only after a detailed survey and study of their financial viability. The refusal would hinder industrial development in the central and southern parts of the State. The infrastructure projects are highly critical for evenly spreading industrial development, he has stressed. More Stories on : Railways | Tamil Nadu
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