“NTPC has agreed to finance the cost of construction of the rail system under the customer funding model of Ministry of Railways Policy of participative model for rail connectivity,” the PSU said in a statement.
NTPC has deposited Rs 946 crore with SWR towards the cost of doubling of railway section between Hotgi-Kudgi(134 km), the statement said.
The section consists of 10 block stations, eight major bridges and two important bridges on river Don and river Bheema.
The work has already been started by SWR and the project is targeted for completion by March, 2020.
The Augmented Rail Infrastructure apart from catering to the coal transportation requirements of 4,000 MW power project of NTPC is also expected to give big fillip to the economic activities of Northern Karnataka, the statement said.
The agreement was signed by A S Rao, CTPM (Chief Traffic Planning Manager) on behalf of SWR and by Harbans Singh, Group General Manager on behalf of NTPC-Kudgi.
Senior officials of NTPC and SWR were present on the occasion.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
