Decks clear for Rs. 600-cr coach factory in Haryana
Decks have been cleared for a big ticket railway project — the rail coach refurbishing and rehabilitation factory — at Barhi in Sonepat district on an area of 121 acres in the NCR region at an investment of Rs. 600 crore. The Haryana State Industrial and Infrastructural Development Corporation (HSIIDC) recently decided to transfer 121 acres of land to the Railways for the factory. The factory has been designed to refurbish 500-700 rail coaches every year. Sources said technical glitches between the Railways and the HSIIDC has now been sorted out and it now been decided to transfer the land at the rate of Rs 1,000 per acre per year to the Railways for a period 99 years on leasehold basis. In this connection, a formal memorandum of understanding will be signed between the Railways and the HSIIDC to kick off the project, said official sources, adding that the project would give a boost to the economic and the creating of allied infrastructure development in the region besides providing stimulus to a number of ancillary units, small and medium enterprises.
📅Published on:
30 April 2018
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