The exorbitant tariff rates quoted by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has forced the Southern Railway to look for a better deal with a public sector company to cater to its electricity needs.
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 railways, which has been losing business to the roadways, seems to be gaining ground with both its freight and passenger traffic showing an upward trend in July, which is generally considered a lean month