Today's Cancelled Trains
SEZ
16:00
Cabinet approves $1.4 billion new Metro Rail project for Nagpur
Cabinet approves $1.4 billion new Metro Rail project for Nagpur
New Delhi: The cabinet approved on Wednesday a new, 86.8-billion-rupee ($1.43 billion) metro rail project in the western state of Maharashtra, the government said in a statement.
Nagpur is the latest city in the country that will have Metro rail service with the Union Cabinet today clearing the modern transportation project that is estimated to cost INR 8,680 crore and connect an SEZ with key areas of the city.
The go-ahead for the Nagpur rail project comes weeks after Prime Minister Narendra Modi permitted foreign investment in railways as part of his efforts to upgrade the nation’s infrastructure for an economic turnaround.
Analysts reckon India’s poor infrastructure shaves off as much as 2 percentage points from its gross domestic product.
Modi swept to power in May on a promise to revamp the creaking railway system, focusing on high-speed trains, as well as road and airport building.
Congress play Politics
A day after it emerged that all Congress chief ministers were likely to skip events involving Prime Minister Narendra Modi, Chief Minister Prithviraj Chavan on Wednesday refused to attend an event scheduled in Nagpur today (Thursday).
