The Cabinet has given the nod for commencing acquisition of 1,383 hectares of land needed for the ambitious 529.45-km semi-high speed rail ‘SilverLine’ from Kochuveli to Kasaragod.The Cabinet, preside
Nod for loan for SilverLine from external agencies
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₹33,700-crore loan for 529.45-km semi-high speed rail
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₹33,700-crore loan for 529.45-km semi-high speed rail
The National Institution for Transforming India (NITI Aayog), Department of Expenditure under the Union Finance Ministry, and the Ministry of Railways have accorded Kerala Rail Development Corporation Ltd. (K-rail) the nod for mobilising funds from multilateral and bilateral agencies for the 529.45-km semi-high speed rail ‘SilverLine’ from Kochuveli to Kasaragod.
With this, K-rail, the joint venture between the State and Railways for cost-sharing rail projects, can ‘pose’ the loan request for availing itself of ₹33,700 crore as per guidelines of Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), German Development Bank (KfW) and Japan International Cooperation Agency (JICA). Official sources told
KRDCL keen to execute Sabari Rail
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It begins steps to revise estimate and undertake LiDAR survey
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It begins steps to revise estimate and undertake LiDAR survey
Kerala Rail Development Corporation Ltd (KRDCL), the special purpose vehicle for executing viable rail projects on cost-sharing basis with Railways, has evinced interest in executing the Angamali-Sabarimala rail project .
The move comes within three months of Kerala agreeing to the demand of Railways to bear 50% of the estimated ₹2,815.62 crore of the 116-km Angamaly-Azhutha Sabari Rail. The Cabinet had already decided to make available 50% of the estimate from the Kerala Infrastructure Investment Fund Board (KIIFB) to Railways.
HC dismisses pleas against Silverline project
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Court declines to interfere with policy decisions
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Court declines to interfere with policy decisions
The Kerala High Court dismissed a batch of writ petitions seeking a directive not to proceed with land acquisition for the proposed semi-high-speed rail corridor without the approval of the Central government, the Railway Board, and other statutory boards.
When the petition came up for hearing, the State government and the Railways submitted that they were in the process of constructing a new double line rail corridor as a Silverline semi-high-speed railway between Thiruvananthapuram and Kasaragod. This will be in addition to the existing two railway lines and will enable trains to travel at a maximum speed of around 200 kmph.
Kerala to share cost of Sabarimala rail project
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Funds to be made available from KIIFB
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Funds to be made available from KIIFB The Angamaly-Sabarimala rail project has got a new lease of life with Kerala agreeing to bear 50% of the estimate of ₹2,815.62 crore.
Bowing to the stance of the Railways and the Centre that the State should share 50% of the cost of the Sabari rail project, the Cabinet on Wednesday decided to make available funds from the Kerala Infrastructure Investment Fund Board (KIIFB).
The Railways will be responsible for the construction and maintenance of the 116-km Angamaly-Azhutha Sabari rail, while the en route station development will be through public-private partnership and a special purpose vehicle. The income will be shared 50:50 between the State and the Railways after deducting the expenses, official sources said.