The Railways is all set for a long-term engagement with Japan with the
Dedicated Freight Corridor Corporation of India Limited (DFCCIL)
granting a Rs.6,700-crore contract for construction of 640-km twin-track
line between Rewari and Palanpur of Western Dedicated Freight Corridor.
L&T-Sojitz, a joint venture comprising L&T of India and Sojitz
Corporation of Japan, has won the contract through an international
bidding process.
The contract is likely to be completed in four years, a release said.
The project is funded by the Japan International Cooperation Agency
(JICA), the Japanese government arm for providing technical and
financial aid to developing countries, which is also DMRC’s lending
agency.
Earlier in January, DFCCIL had awarded the Rs.3,300-crore contract for
343-km-long Khurja-Kanpur section of Eastern Dedicated Freight Corridor,
funded by the World Bank.
The length covered under the new contract is more than 40 per cent of
the entire western corridor. Land for almost the entire stretch has
already been acquired.
All other statutory clearances have also been obtained.
The Western Dedicated Freight Corridor, which will cover a length of
about 1,500 km from Dadri to Jawaharlal Nehru Port (Mumbai), is being
funded by the JICA, which has pledged a special terms for economic
partnership loan of 677 billion yen for the entire Western Dedicated
Freight Corridor.
As per the loan conditionalities, the lead partner for any contract has to be from Japan.
No comments:
Post a Comment