Nod for rail projects

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By OUR SPECIAL CORRESPONDENT
  • Published 23.02.07
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New Delhi, Feb. 22 : The cabinet committee on economic affairs today approved a Rs 11,589-crore proposal for the Delhi-Howrah dedicated railway freight corridor project as well as a Rs 1,659-crore plan for the Delhi-Mumbai corridor.

Finance minister P. Chidambaram said the projects would be completed in five years. The dedicated multi-axle rail freight corridor would require a double-line electric track to be laid.

The funds would come from budget as well as non-budget sources and loans from institutions. Market borrowing could also be undertaken for the projects, Chidambaram added.