India to invest $793m on rail projects in Haryana
1 November 2022
The Indian Government has announced an investment of $793.5m (Rs65.2bn) for three rail projects in the state of Haryana.
Indian Home Minister Amit Shah will lay the foundations for the projects in a programme at Faridabad, reported the Press Trust of India.
Around $683.5m (Rs56.18bn) will be used for the construction of the Haryana Orbital Rail Corridor project.
The government will provide $71.7m (Rs.5.9bn) for the development of the rail coach refurbishment factory in Sonipat.
Furthermore, it will spend $38.3m (RS3.15bn) for the construction of the longest elevated railway track in Rohtak.
The home minister will also open the Haryana Police Residence Complex at Bhondsi, which entailed an investment of around $12.8m (Rs1.06bn).
According to the report, heavy vehicles will be barred from entering Faridabad on 27 and 28 October.
This May, the foundations were laid for the redevelopment of five railway stations in the Indian state of Tamil Nadu.
Chennai Egmore, Rameswaram, Madurai, Katpadi, and Kanyakumari stations will be upgraded under the project with an investment of around $232m (Rs18bn).
In March 2021, the Indian Government unveiled plans to divest a 15% stake in Rail Vikas Nigam Limited (RVNL) to raise around $103m (Rs7.5bn).
In January 2003, RVNL was formed as a fully owned public sector undertaking (PSU) of the Indian Ministry of Railways.
Related
-
LTA Awards Final Civil Contract for the Downtown Line 2 Extension to China Railway Tunnel Group Co. Ltd.
17 March 2026
-
Oman tenders three water projects in Dhofar
13 March 2026
-
PPC, Metlen ink regional deal for 1.5 GW in batteries
11 March 2026
-
Consortia Qualified for Jeddah–Makkah Direct Highway PPP Project Announced
11 March 2026
-
Nordex wins order for 40 turbines for German wind farms
11 March 2026
-
Firm signs $120m Egypt new capital industrial complex deal
10 March 2026


京公网安备
11010802030424号
京ICP备19046776号-2