KRDCL keen to execute Sabari Rail
The Hindu
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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. The State had informed the Centre that Railways would be responsible for construction and maintenance of the 116-km line while en route station development would be through public-private partnership. The income would be shared 50:50 between the State and Railways after deducting the expense.
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