All the three projects will be completed in four years by 2020-21. The three projects will generate direct employment during construction for close to 84 lakh mandays.
In what will provide a major boost to the railway network in various parts of Tamil Nadu and Kerala, the Cabinet under Prime Minister Narendra Modi on Wednesday gave its approval to three major railway line projects worth nearly Rs 4,000 crore.
The move to double the electrification capacity of the transmission line follows demands for introduction of additional trains for this area to serve the local people, the ever increasing tourists desiring to visit the area and the traffic originating to/from Ports.
The pact assumes immense significance for an oil importing nation like India and one that feeds 80% of its crude oil needs through imports. The underground strategic storages have been built at different locations across India and filling half of the oil storage facility at Mangalore amounts to 10 days of India's average oil demand (or about 37 million barrels of crude oil).
In what will help towards India’s energy security goals besides building a strong bond with the United Arab Emirates (UAE), India on Wednesday inked a significant pact with the energy rich Gulf nation on oil storage and management.