Project Execution Agreement (PEA) was signed in presence of Chief Minister, Chhattisgarh Dr. Raman Singh between Bastar Railway Private limited (BRPl) and IRCON. IRCON will construct 140 KM long railway line between Jagdalpur to Rawghat in which 13 new railway stations will come up.
The estimated project cost of this 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.
Dr TRK Rao, Chairman, Bastar Railway Private limited & Director (Commercial), NMDC limited; Ml Gupta, Executive Director, IRCON signed the PEA.
It was informed that the first phase of land acquisition for the said Project has already started. The details of proposed land of 101 KM fall under Bastar and Kondegaon have already been sent to Ministry of Railways for publication in the Gazette. 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. On this occasion Chief Minister released the logo of Bastar Railway Private limited.
Mr Subodh Kumar Singh, Secretary, Department of Mineral Resources, Chhattisgarh and Directors of BRPl Smt. D Alarmelmawgai, AK Mishra, Alok Kumar Mehta and VS Prabhakar, CEO, BRPl were also present on the occasion.