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CIL SPV to Construct of East West Rail Corridor in Chhattisgarh

Coal News - Published on Fri, 25 Sep 2020

Image Source: CIL East West Rail Corridor
Indian state owned coal giant Coal India Ltd has floated tender to construct 135 km East-West Rail Corridor at an estimated cost of INR 4,970 crore in Chhattisgarh through SPV Chhattisgarh East West Railway Ltd. The joint venture partners in CEWRL include SECL representing CIL and Ministry of Coal with 64 per cent stake and IRCON representing Indian Railways with 26 per cent stake. Chhattisgarh State Industrial Development Corporation Ltd is the third partner with the rest 10 per cent stake. The east-west corridor also includes a single rail line of 16 km from Urga to Kusmunda and feeder lines of around 35 km in the region. The 135 km Gevra road to Pendra road is a double line. After commissioning, the east-west line will have the capacity to move around 65 million tonne of coal per annum from Mand-Raigarh and Korba coalfields of SECL

IRCON, the construction arm of Indian Railways, has floated the tenders for the work. The tenders were floated after an SBI-led consortium of six banks who are the lenders to this rail corridor released Lenders Confirmation Notice for INR 400 crore as first disbursement in the first week of this month. Engineering plans for CEWRL were already in place and now with finance tied up tender has been floated

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Posted By : Yogender Pancholi on Fri, 25 Sep 2020
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