Thiruvananthapuram, India (Metro Rail News): Central Government has given in-principle approval to the Rs 66,079 crore Kerala semi-high speed rail project (Thiruvananthapuram-Kasaragod semi-high speed rail corridor) informed Kerala Chief Minister Pinarayi Vijayan on Dec 17, 2019
The Ministry of Railways on behalf of the Central Government has issued the approval order conveyed to Kerala Chief Secretary Tom Jose. This information shared on Kerala Chief Minister official facebook page.
This semi-high rail corridor is named as Silver Line which is envisaged to cut travel time between Thiruvananthapuram and Kasaragod from 12 hours to 4 hours.
The KRDCL has submitted a proposal to the Ministry of Railways for building third and fourth lines. The 540-km long semi-high speed rail corridor between Thiruvananthapuram and Kasaragod will be implemented by Kerala Rail Development Corporation (KRDCL).
The project cost of the Kerala semi-high speed rail project will be funded by the Kerala Government and Ministry of Railway. The implementing body, KRDCL has proposed to raise Rs 34,454 crore as loans from the external agency for the project. The Central Government and the State Government are required to provide Rs 7,720 crore each. The State government will spend Rs 8,656 crore on land acquisition and allied matters.
KRDCL Managing Director V. Ajith Kumar said that approval was a milestone in the project implementation and it is expected to fast-track the economy of Kerala state. The feasibility study of the project was conducted by KRDCL which was approved by the state cabinet after a year-long after submission of the feasibility study report.
Kerala Chief Minister during his recent visit to Japan had held discussions in this regard with Japanese experts.
The Kerala semi high-speed rail project is expected to create 50,000 jobs during the implementation and regular employment for 11,000 on completion. The project is considered as a game-changer in Kerala’s infrastructure and economic development and it required minimum land acquisition.
In August this year, Kerala state cabinet had approved the Kerala semi high-speed rail project. This corridor will pass through 11 of the 14 districts and the trains will run at 200 km per hour.