Ahmedabad Metro, Srinagar airport extension, 3 rail projects get nod | India News
New Delhi: The Cabinet on Tuesday approved three multi-tracking rail projects, expansion of the Ahmedabad Metro and a new integrated airport terminal at Srinagar with a total investment of Rs 11,806 crore. Cabinet also approved increase in MSP of raw jute.Announcing the decisions, I&B Minister Ashwini Vaishnab said the rail projects – doubling the Gondia-Jabalpur track and laying the third and fourth lines on the Punarakh-Keul and Gamharia-Chandil corridors – will extend the Indian Railways network by about 307 km and introduce passenger trains by another 38 km.The total investment in these projects, which will pass through eight districts across Maharashtra, MP, Bihar and Jharkhand, will be around Rs 9,072 crore and will be completed by 2030-31.Vaishnav also announced the development of a civil enclave at the Srinagar airport at an estimated cost of Rs 1,677 crore. “People want to see the valley, and there is a high demand for aviation,” he said.In an official release, the government said the Cabinet has approved the expansion of Ahmedabad Metro at a cost of around Rs 1,067 crore. It will be completed in four years. This extended corridor is expected to benefit approximately 23,700 passengers by 2029.
The government has approved increasing the equity investment of PowerGrid
The Cabinet Committee on Economic Affairs on Tuesday approved a proposal to raise the equity investment threshold of public sector enterprise PowerGrid to Rs 7,500 crore per subsidiary from Rs 5,000 crore, enabling it to bid for capital-intensive transmission projects. This will help PowerGrid expand investment in its core business and shift renewable energy capacity, helping it achieve its 2030 target of 500 GW from non-fossil fuel-based sources.
