BS ReporterHyderabad, 13 November: Krishnapatnam Railway Company Limited(KRCL) has received an investment of Rs 1.25 billion from Sagarmala Development Company Limited for the development of the 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.This initiative will connect Krishnapatnam Port on the east coast with the network of Indian Railways at Venkatachalam at one point and Obulavaraipalli on the other. A 21 km section of the project line from Krishnapatnam to Venkatachalam is in operation since July 2009 in single line and was converted to double line from 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 ...
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Wednesday, 14 November 2018
Sagarmala invests Rs 1.25 bn in Krishnapatnam rail freight corridor
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