Latest news with #CCEA
Time of India
3 days ago
- Business
- Time of India
Wardha-Ballarshah 4th line approved to fast track rly connectivity in Vidarbha
Nagpur: The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, on Wednesday approved two major railway multi-tracking projects in Maharashtra and Madhya Pradesh, with a combined investment of Rs3,399 crore. Part of the PM Gati Shakti National Master Plan, the projects aim to strengthen rail infrastructure and improve connectivity across four districts by the financial year 2029-30. The approved projects include the third and fourth lines between Ratlam and Nagda in Madhya Pradesh, and the fourth line between Wardha and Ballarshah in Maharashtra. The new railway lines are expected to enhance capacity, reduce congestion and enable faster movement of freight and passengers along critical routes. Maharashtra chief minister Devendra Fadnavis welcomed the Centre's decision, thanking Prime Minister Modi and Union minister for railways Ashwini Vaishnaw. He called it a major step for Vidarbha's development. "Under PM Gati Shakti's plan, these new railway lines will enable faster transport of coal, cement, gypsum, fly ash, containers, agricultural goods and petroleum products. It will lead to improved travel convenience, a reduction in logistics costs, lower crude oil imports, and a decrease in carbon dioxide emissions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bolsas nos olhos? (Tente isso hoje à noite) Revista Saúde & Beleza Saiba Mais Undo This initiative will boost sustainable and efficient railway transportation in the region," he said. According to a statement from the Press Information Bureau, these multi-tracking projects are designed to expand the capacity of Indian Railways and cater to the growing demands of both passenger and freight transport. They will link approximately 784 villages, impacting nearly 19.74 lakh people. Officials highlight that the increased line capacity will help streamline rail operations and facilitate faster and more efficient transportation of essential commodities. The projects are expected to handle an additional freight traffic of about 18.40 million tonnes per annum (MTPA). This will also help alleviate congestion along heavily used routes and optimise supply chains. The projects are also projected to generate around 74 lakh human-days of direct employment during the construction phase. This is seen as a vital step in driving socio-economic development in the region, providing job opportunities and supporting livelihoods. Officials say the integrated approach under the PM Gati Shakti National Master Plan reflects the govt's commitment to coordinated implementation and seamless connectivity across the country. # PM Gati Shakti Boost Total investment: Rs3,399 crore Total length: 176 km Districts covered: 4 districts in Maharashtra and Madhya Pradesh Target: FY 2029–30 # Project in Maharashtra # Wardha-Ballarshah Lines: 4th railway line Purpose: Enhance capacity and connectivity, enabling faster movement of coal, cement, and other key goods # Project in MP Ratlam–Nagda Lines: 3rd & 4th railway lines Purpose: Decongest routes and streamline transport of goods and passengers # Economic & social benefits Employment generation: 74 lakh human-days of direct jobs during construction Freight capacity increase: Additional 18.40 million tonnes per annum Impact on Rural Areas: 784 villages to be connected, benefiting nearly 19.74 lakh people Reduced crude oil imports: Less dependency on imports through efficient rail transport # Key commodities Moved Coal, cement, clinker, gypsum, fly ash, containers, agricultural goods, petroleum products # Environmental impact Lower CO2 emissions: Decreased carbon footprint with enhanced rail capacity Sustainable Rail Transport: Aligned with PM Gati Shakti National Master Plan for green, efficient logistics QUOTE This initiative will lead to improved travel convenience, a reduction in logistics costs, lower crude oil imports, and a decrease in carbon dioxide emissions. It will boost sustainable and efficient railway transportation in the region. Devendra Fadnavis | Maharashtra CM
Time of India
3 days ago
- Business
- Time of India
Centre approves 4-lane Badvel-Nellore corridor on NH-67
1 2 3 Vijayawada: In a significant push to industrial development in backward regions of the state, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the construction of a four-lane Badvel-Nellore corridor on Wednesday. The highway will be taken up with a length of 108 km at a cost of Rs 3,653 crore on National Highway 67. The project will be initiated through design-build-finance-operate-transfer (DBFOT) mode. The corridor will provide connectivity to important nodes in the three industrial corridors of Andhra Pradesh, including Kopparthy node on the Vishakhapatnam-Chennai industrial corridor, Orvakal node on Hyderabad-Bengaluru industrial corridor, and Krishnapatnam node on the Chennai-Bengaluru industrial corridor. The project is likely to have a positive impact on the country's logistic performance index. The Badvel-Nellore corridor will start from Gopavaram village on the existing NH-67 in YSR Kadapa district and terminate at Krishnapatnam port junction on NH-16 (Chennai-Kolkata) in Nellore district. This new NH will also provide strategic connectivity to Krishnapatnam port which has been identified as a priority node under the Chennai-Bengaluru industrial corridor. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Lentes fotossensíveis que escurecem automaticamente de acordo com a luz Óculos Max Saiba Mais Undo The proposed corridor will reduce the travel distance to Krishanpatnam port by 33.9 km — from 142 km to 108.13 km — as compared to the existing Badvel-Nellore road. This will reduce travel time by an hour and ensure that substantial gain is achieved in terms of reduced fuel consumption, thereby reducing carbon footprint and vehicle operating cost.
News18
3 days ago
- Business
- News18
Government Approves Rs 3,399 Crore Worth Multi-Tracking Railway Projects In Maharashtra, Madhya Pradesh
Agency: PTI Last Updated: According to a government statement, the total estimated cost of the projects is Rs 3,399 crore and will be completed by 2029-30. The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved two multi-tracking railway projects to ensure faster transportation of both passengers and goods, the government said on Wednesday. It added that these projects include the third and fourth line between Ratlam-Nagda and fourth line between Wardha-Balharshah. According to a government statement, the total estimated cost of the projects is Rs 3,399 crore and will be completed by 2029-30. 'The projects are result of PM-Gati Shakti National Master Plan for multi-modal connectivity which have been possible through integrated planning and will provide seamless connectivity for movement of people, goods and services," the press note said. It added, 'The two projects covering four districts across the states of Maharashtra, and Madhya Pradesh, will increase the existing network of Indian Railways by about 176 km. The proposed multi-tracking project will enhance connectivity to approx 784 villages having a population of about 19.74 lakh." Railway Minister Ashwini Vaishnaw said that these two projects will give a boost to infrastructure in the country in the Delhi-Mumbai and Delhi-Chennai economic corridors, removing the traffic bottlenecks. He added that during the third term of the Modi government, projects worth more than Rs 4.5 lakh crore have been approved in the transport and infrastructure sector in the country. The government said that these are essential routes for transportation of commodities such as coal, cement, clinker, gypsum, fly ash, containers, agriculture commodities, and petroleum products etc, hence the capacity augmentation work will result in additional freight traffic of magnitude 18.40 MTPA (million tonnes per annum). Outlining the environmental benefits, it said that the railways, being environment-friendly and energy-efficient mode of transportation, will help in achieving climate goals and minimising logistics cost, reduce oil import (20 crore litres) and lower CO2 emissions (99 crore kg) which is equivalent to plantation of 4 crore trees. 'The projects will also generate direct employment for about 74 lakh human-days during construction. These initiatives will improve travel convenience, reduce logistic cost, decrease oil imports and contribute to lower CO2 emissions, supporting sustainable and efficient rail operations," the government said. 'The projects would also enhance logistical efficiency by augmenting line capacity along critical routes for transportation of containers, coal, cement, agricultural commodities, and other goods. These improvements are expected to optimise supply chains, thereby facilitating accelerated economic growth," it added. Talking about other benefits, the press statement said that the increased line capacity will significantly enhance mobility, resulting in improved operational efficiency and service reliability for railways. 'These multi-tracking proposals are poised to streamline operations and alleviate congestion," the press note said. First Published:
India.com
3 days ago
- Business
- India.com
Cabinet Greenlights 2 Multitracking Railways Projects Worth Rs 3,399 Crore In Maharashtra, MP
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved two multitracking projects across Indian Railways in Maharashtra and Madhya Pradesh to ensure seamless and faster transportation of both passengers and goods. These projects include Ratlam-Nagda 3rd and 4th lines and Wardha-Balharshah 4th line. The total estimated cost of the projects is about Rs 3,399 crore and will be completed by 2029-30, according to the CCEA. These projects, covering four districts across Maharashtra and Madhya Pradesh, will increase the existing network of Indian Railways by about 176 km. The projects will also generate direct employment for about 74 lakh human-days during construction. The decision will improve travel convenience, reduce logistic cost, decrease oil imports and contribute to lower CO2 emissions, supporting sustainable and efficient rail operations. According to the CCEA, the projects are the result of the PM-Gati Shakti National Master Plan for multi-modal connectivity, which has been possible through integrated planning and will provide seamless connectivity for the movement of people, goods and services. These are essential routes for transportation of commodities such as coal, cement, clinker, gypsum, fly ash, containers, agricultural commodities, and petroleum products, etc. The capacity augmentation works will result in additional freight traffic of magnitude 18.40 MTPA (million tonnes per annum). The Railways will help achieve climate goals and minimise logistics cost, reduce oil import (20 crore litres) and lower CO2 emissions (99 crore kg), which is equivalent to the plantation of 4 crore trees. "The projects would also enhance logistical efficiency by augmenting line capacity along critical routes for transportation of containers, coal, cement, agricultural commodities, and other goods. These improvements are expected to optimise supply chains, thereby facilitating accelerated economic growth," said the CCEA. According to the government, the increased line capacity will significantly enhance mobility, resulting in improved operational efficiency and service reliability for Indian Railways. These multi-tracking proposals are poised to streamline operations and alleviate congestion.
United News of India
3 days ago
- Business
- United News of India
Cabinet approves hike in MSP for 14 Kharif crops
New Delhi, May 28 (UNI) The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved the increase in the Minimum Support Prices (MSP) for 14 Kharif crops for Marketing Season 2025-26. The government has increased the MSP of Kharif crops for Marketing Season 2025-26, to ensure remunerative prices to the growers for their produce, an official statement said. The highest absolute increase in MSP over the previous year has been recommended for nigerseed (Rs 820 per quintal) followed by ragi (Rs 596 per quintal), cotton (Rs 589 per quintal) and sesamum (Rs 579 per quintal). The increase in MSP for Kharif crops is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times of the All-India weighted average cost of production. The expected margin to farmers over their cost of production are estimated to be highest in case of bajra (63%) followed by maize (59%), tur (59%) and urad (53%). For rest of the crops, margin to farmers over their cost of production is estimated to be at 50%. In the recent years, government has been promoting the cultivation of crops, other than cereals such as pulses and oilseeds, and nutri-cereals or Shree Anna, by offering a higher MSP for these crops. UNI RBE GNK 1632
