In its unfailing quest to bringing down logistics cost across ports by providing rail connectivity, Indian Port Rail Corporation with allied agencies are currently in the process of implementing projects worth ₹187.95 billion (₹18,795 crore), ministry of shipping has said, elaborating that IPRCL, which is a joint venture between major ports and Rail Vikas Nigam Ltd (RVNL), as a dedicated SPV is developing railways as a mode of transport in the port sector under the government's ambitious initiative Sagarmala - a flagship program for port led-development in the country. As many as 70 rail connectivity projects for 4,247 km length have been identified to be implemented at a cost of about ₹46,728 crore and out of the identified projects, 27 projects are currently under implementation. Thirteen projects having a length of 426 km have already been completed at a cost of ₹25.92 billion (₹2,592 crore). It also said that 30 more projects entailing an investment of ₹253.41 billion (₹25,341 crore) are under pre-implementation stage to provide 1,967 km connectivity to ports.
