Railways, Jharkhand government sign joint venture for rail infrastructure development in state

Jan 21, 2017: Indian Railways has inked a joint venture agreement with the government of Jharkhand for railway infrastructure development in the province.

The joint venture agreement will “provide active representation to States in the Planning and Implementation of Railway Infrastructure Projects, speed up the Development of Railway Projects on state’s priority, generate more financial resources through participation of State & other stakeholders in the project specific subsidiaries,” a statement from the ministry said.

The Government of Jharkhand has initially identified 3 projects viz., Namkum - Kandra, Giridih - Parasnath-Madhuban, Tori - Chatra Rail Line covering a length of 222 km at a cost of Rs. 2150 Crore for taking up through the proposed JV Company after establishing their viability, bankability and financial closure. Governments of Kerala, Andhra Pradesh, Karnataka, Maharashtra, Odisha, Haryana, Chhattisgarh and Gujarat have already signed JV agreement with Ministry of Railways.

The present railway network density in Jharkhand is 17.64 km per 100 square km.