DFCCIL plans contracts worth Rs. 7,000cr
Giving momentum to building Kanpur-Khurja stretch of the eastern corridor, the Dedicated Freight Corridor Corporation of India (DFCCIL) is all set to start the process of awarding work on the stretch at an investment of Rs. 7,000cr. The stretch which is being funded by the World Bank has become the first such contract since the conception of project in 2005 and setting up of the DFCCIL in 2006.
According to sources the Kanpur-Khurja project will be followed by even bigger contracts constructing dedicated freight corridor between Vadodara in Gujarat and Rewari in Haryana at a whopping investment of Rs. 20,000cr. For this stretch, which is being funded by the Japanese government, the corporation is currently engaged in acquiring land and will start awarding the contract once at least 50 per cent of the total requirement of land is acquired.
The dedicated freight corridor consisting of two segments including eastern and western corridors requires at least 12,000 hectare of land and the corporation currently has a land bank of 1,000 hectare only, on which it has already awarded contracts relating to civil works and bridges. The cost of the corridor has escalated to more than double to Rs. 73,000cr and it may go up further in view of the steep spurt in the prices of the raw materials and skyrocketing inflation rates. As per the Planning Commission estimates the corridor will be completed by 2016-17 and by then the total investment would be more than Rs. 1 lakh crore.
According to sources the Kanpur-Khurja project will be followed by even bigger contracts constructing dedicated freight corridor between Vadodara in Gujarat and Rewari in Haryana at a whopping investment of Rs. 20,000cr. For this stretch, which is being funded by the Japanese government, the corporation is currently engaged in acquiring land and will start awarding the contract once at least 50 per cent of the total requirement of land is acquired.
The dedicated freight corridor consisting of two segments including eastern and western corridors requires at least 12,000 hectare of land and the corporation currently has a land bank of 1,000 hectare only, on which it has already awarded contracts relating to civil works and bridges. The cost of the corridor has escalated to more than double to Rs. 73,000cr and it may go up further in view of the steep spurt in the prices of the raw materials and skyrocketing inflation rates. As per the Planning Commission estimates the corridor will be completed by 2016-17 and by then the total investment would be more than Rs. 1 lakh crore.
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27 August 2010
