Aurizon welcomes positive vote on Queensland Train Crew and Transport Operations Enterprise Agreement
Update on Queensland Enterprise Agreements
Aurizon renews coal haulage contract for Dawson and Callide Mines with Anglo American and Mitsui
Aurizon uses drones to inspect rail assets
Aurizon welcomes Fair Work Commission decision to terminate Enterprise Agreements
Aurizon welcomes SIMTA and MIC Moorebank agreement
Aurizon reaches in principle agreement with unions on train crew EA
Aurizon welcomes positive vote on Queensland Construction and Maintenance Enterprise Agreement
Aurizon sets up Perth hub
Aurizon chief Lance Hockridge not done shaking up rail giant
Krishnapatnam Railway Company Limited (KRCL) has received an investment of Rs 1.25 billion from Sagarmala Development Company Limited for developing a rail corridor for Krishnapatnam port in Andhra Pradesh.
KRCL was formed as a joint venture company to develop 114-km rail corridor between Obulavaripalli in Kadapa district and Krishnapatnam with an estimated project cost of Rs 18.50 billion.
The corridor will connect Krishnapatnam port on the east coast with Indian Railways' network at Venkatachalam and Obulavaraipalli. A 21-km section of the project line from Krishnapatnam to Venkatachalam was converted to double line in March 2014.
"This is an extremely exciting project for KRCL. The new rail corridor connecting Kadapa city with Krishnapatnam Port will help optimise costs, accelerate growth whilst enhancing the city's EXIM competitiveness," said KRCL managing director Anil Yendluri.
The KRCL has five joint venture partners: namely Rail Vikas Nigam Limited (30 per cent stake), Krishnapatnam Port Company Limited (30 per cent), NMDC Limited (15 per cent), Andhra Pradesh government (13 per cent), and BIL (12 per cent).
This article first appeared on www.business-standard.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2018 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.