In an effort to decrease logistics cost and aid the domestic manufacturing industry, Finance Minister Nirmala Sitharaman in her Budget 2021 has announced three upcoming dedicated freight corridors (DFC), expected to be built with an investment of about ₹2.17 lakh crore, reports Moneycontrol.
On Monday (February 1) the Finance Minister announced the East Coast Freight Corridor from Kharagpur to Vijayawada, East-West Freight Corridor from Bhusawal to Kharagpur to Dankuni and North-South Freight Corridor from Itarsi to Vijayawada.
The proposed 1,115 km long East Coast Corridor is expected to come at a capital cost of ₹40,344 crore at an average of ₹32.5 crore per km.
While the 1868 Km long East-West DFC is expected to cost around ₹86,805 crore at an average of ₹37.29 Crore per km, the North-South DFC covering 975 km is going to cost₹89579 crore at an average of ₹35.36 crore per km.
The proposed projects are to built in the Western and Eastern dedicated freight corridors, and are expected to be commissioned by June 2022. As part of the green initiative, the government also announced that 100 per cent electrification of broad gauge routes will be completed by December 2023.
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