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Bastar Railway Private Limited (BRPL) and IRCON have entered into a project execution agreement for a rail line backed by iron ore mining major NMDC, SAIL and others.
The agreement was signed in presence of Chhattisgarh Chief Minister Raman Singh for construction of 140 KM long railway line between Jagdalpur to Rawghat, a stretch where 13 new railway stations will come up.
The estimated project cost of this proposed rail corridor is Rs 2,538 crore approximately.
BRPL is a joint venture company formed by NMDC Limited, SAIL, IRCON and CMDC Limited with NMDC being the major shareholder with 43 per cent equity stake.
T.R.K. Rao, Chairman, Bastar Railway Private Limited & Director (Commercial), NMDC Limited and M.L. Gupta, Executive Director, IRCON signed the agreement.
The first phase of land acquisition for the project has already started. The details of proposed land of 101 KM under Bastar and Kondegaon have already been sent to the Ministry of Railways for publication in the Gazette.
The Chief Minister advised the concerned officials to complete the process of land acquisition and diversion of forest land within three months and to start the construction works by January 2018.
The Chief Minister also released the logo of Bastar Railway Private Limited.
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