Cabinet approves Rs 7,798 crore for railway and space initiatives

Quick Summary:

While announcing the decisions, Vaishnaw said the line will feature a multi-modal logistics hub and will provide connectivity to Machilipatnam Port, Krishnapatnam Port & Kakinada Port.

The two railway projects include a 57-kilometre long Amaravati rail link project, and doubling of the Narkatiaganj-Raxaul-Sitamarhi-Darbhanga and Sitamarhi-Muzaffarpur sections, covering a total of 256 km.

The Union cabinet also approved setting up of a Rs 1000 crore VC fund dedicated to the space sector, under the aegis of IN-SPACe.

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Category: BusinessFinance

Markets: IndiaNepal

Topics: Railways Indian Railways Cabinet Railway Rail projects

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Article Type: News Report

Published On: 2024-10-24 @ 23:46:28 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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