Centre okays Rs 23.62 bn for ongoing railway projects in Andhra Pradesh
RAILWAYS & METRO RAIL

Centre okays Rs 23.62 bn for ongoing railway projects in Andhra Pradesh

The ongoing projects under South Central Railway (SCR) in Andhra Pradesh has reportedly received fund allocation from the Centre. The Centre has sanctioned Rs 59.24 billion for SCR this year.

Nearly Rs 23.62 billion, of the sanctioned Rs 59.24 billion, is expected to be spent on the railway development in Andhra Pradesh. However, reports suggest that the government has allocated Rs 13.08 billion less funds in SCR this year, as compared to the 2018-19 budget. In the previous year, the government has sanctioned Rs 36.70 billion for infrastructural development of Andhra Pradesh.

The fund approved for Kazipet-Vijayawada third line has been increased from Rs 600 million last year to Rs 1.1 billion in the interim budget. Also, the Vijayawada-Gudur third line managed to gain Rs 3.5 billion, which is Rs 1 billion more than last year’s allocation. Also, the allocation for construction of bypass lines at Vijayawada, Kazipet, Reningunta, Wadi and Gooti also surged from a mere Rs 310 million in the 2018-19 budget to Rs 1.43 billion in the interim one.

The SCR has reportedly received Rs 40 billion less than the last year for the development of Tiruchanur station, while the Centre has increased the allocation to the development of a second entry at Tirupati railway station by Rs 45 million. From Rs 2 billion which was granted last year, the allotment of funds for the Vijayawada-Bhimavaram-Nidadabvolu doubling and electrification works has fallen to Rs 1.75 billion. On the same line, the Guntakal-Kalluru doubling project had received Rs 765.2 million last year, while it received Rs 150 million this year.

The highest allocation for railways in Andhra Pradesh is reportedly Rs 7 billion pertaining to the current Nadikudi-Srikalahasti new line project, which was taken up in the 2011-12 fiscal at an estimated cost of Rs 24.50 billion. The state government is expected to share half of the project cost.

The ongoing projects under South Central Railway (SCR) in Andhra Pradesh has reportedly received fund allocation from the Centre. The Centre has sanctioned Rs 59.24 billion for SCR this year. Nearly Rs 23.62 billion, of the sanctioned Rs 59.24 billion, is expected to be spent on the railway development in Andhra Pradesh. However, reports suggest that the government has allocated Rs 13.08 billion less funds in SCR this year, as compared to the 2018-19 budget. In the previous year, the government has sanctioned Rs 36.70 billion for infrastructural development of Andhra Pradesh. The fund approved for Kazipet-Vijayawada third line has been increased from Rs 600 million last year to Rs 1.1 billion in the interim budget. Also, the Vijayawada-Gudur third line managed to gain Rs 3.5 billion, which is Rs 1 billion more than last year’s allocation. Also, the allocation for construction of bypass lines at Vijayawada, Kazipet, Reningunta, Wadi and Gooti also surged from a mere Rs 310 million in the 2018-19 budget to Rs 1.43 billion in the interim one. The SCR has reportedly received Rs 40 billion less than the last year for the development of Tiruchanur station, while the Centre has increased the allocation to the development of a second entry at Tirupati railway station by Rs 45 million. From Rs 2 billion which was granted last year, the allotment of funds for the Vijayawada-Bhimavaram-Nidadabvolu doubling and electrification works has fallen to Rs 1.75 billion. On the same line, the Guntakal-Kalluru doubling project had received Rs 765.2 million last year, while it received Rs 150 million this year. The highest allocation for railways in Andhra Pradesh is reportedly Rs 7 billion pertaining to the current Nadikudi-Srikalahasti new line project, which was taken up in the 2011-12 fiscal at an estimated cost of Rs 24.50 billion. The state government is expected to share half of the project cost.

Next Story
Building Material

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Next Story
Infrastructure Energy

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..

Next Story
Equipment

SANY India Opens New 3S Branches in Visakhapatnam and Palwancha

SANY India, a leading manufacturer of construction, mining, road, logistics, and energy equipment, has expanded its presence in southern India by inaugurating two new 3S (Sales, Service, Spares) branch offices in Visakhapatnam (Andhra Pradesh) and Palwancha (Telangana). The expansion, in partnership with its authorised dealer Madhura Engineering Services, reinforces SANY’s commitment to providing world-class equipment and faster service access in key industrial and mining hubs.These new facilities complement Madhura Engineering’s existing branches in Guntur and Vijayawada, marking a strate..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?