Railway Budget

Railway Budget paints not very encouraging story for Odisha
   Bhubaneswar, (ONS) : This is a complete different story in Railway Budget this year. While Odisha was expecting much larger pie, the Railway Minister Suresh Prabhu has given a new shape to the investment.
However, the state may get its JV going for infrastructure corridor.

The state government has signed a MoU with Coal India and Indian Railway for creating rail infrastructure to evacuate coal deposits of the state by forming a SPV company.
Only solace for Odisha is the East West and East Coast Corridor for the freight segment. Puri will get the facelift for the tourist attraction. Paradip will have better connectivity. However, this is just like drop of water in the ocean.
Odisha has demanded the center to allocate a sizable amount in Railway Budget 2016-17 for strengthening and expanding rail infrastructure in the state. It may be recalled that gross earnings from various stations in the state of Odisha is estimated to be in excess of Rs 14,000 crore during the year 2014-15.
Odisha continues to be one of the most preferred destinations for investment especially in metal, mining and power sectors and the state requires a robust and well planned railway infrastructure for its sustainability. The state has attracted Rs 8,85,000 crores in diverse sectors and a comprehensive plan has been prepared for developing deep water sea ports along its coast, he urged to extend the eastern dedicated freight corridor from Dankuni to Berhampur to ensure seamless movement of freight between the upcoming ports including the major port at Paradip. ONS.

Comments

comments