Indian Railways is planning a Rs 50,000 crore high-speed elevated rail corridor from Kasargod to Thiruvananthapuram in Kerala, according to a Mint report. The 500-km corridor, which will run parallel to the coast across almost the length of the state, will connect the northern regions with the state’s capital.
The railways plan to operate semi-high speed trains, which travel at a speed of 100-150 km per hour, on this corridor.
The rail project will be funded by development agencies such as the Asian Development Bank (ADB) and Japanese International Cooperation Agency (JICA). Negotiations for funding are currently on.
A senior railway official told the newspaper that the high-speed corridor could also be used by commuters for local travel between major cities and suburbs.
According to the report, the project could be the most expensive state corridor undertaken by the Indian Railways other than the $13-billion Jammu-Baramulla link. Read More
Latest posts by Moneycontrol.com (see all)
- IRCTC to launch more Shri Ramayana Express type services; may roll out similar trains for other religions - November 17, 2018
- Decoding the causes and impact of plunging oil prices - November 16, 2018
- IL&FS used subsidiary for suspicious fund transfers: Report - November 16, 2018