Railway launches ₹18,795 cr port connectivity

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.