All earnings from freight corridors to go to Indian Railways, which would then share 35-40 per cent of it with DFCC as Track Access Charges
India will spend Rs 3.3 lakh crore to set up three new arms of the dedicated rail freight corridors, crisscrossing the length and breadth of the country over the next eight years. The 5,500-km-long new corridors would supplement the existing plans to lay 3,300-km-long two dedicated freight corridors (DFC).
“The feasibility study of the three corridors has been completed and submitted by RITES. The three corridors would be developed at a cost of Rs 3.3 lakh crore in around eight years,” said Adesh Sharma, managing director, Dedicated Freight Corridor Corporation (DFCC), an arm of Ministry of Railways, implementing the Rs 82,000-crore DFCC project.
In this year’s Budget, Rail Minister Suresh Prabhu had announced three new corridors: 2,328-km North-South corridor between Delhi and Chennai; 2,327-km East-West corridor between Kolkata and Mumbai; and 1,114-km East Coast corridor between Kharagpur and Vijaywada.