RVNL Sings MoU with Private Sector Dighi Port Limited for Rail Connectivity

A Memorandum of Understanding (MoU) was signed on 18 April 2015 between Rail Vikas Nigam Limited (RVNL) and Dighi Port Limited.
The MoU will facilitate construction of 34 km of railway link between Roha and Dighi Port in Raigad district of Maharashtra. The project cost is estimated around Rs. 723 crore.
It was signed in the presence of Union Railway Minister Suresh Prabhu and Maharashtra Chief Minister Devendra Fadnavis in Mumbai.
Dighi Port is the first non- major private sector seaport in Maharashtra located on the banks of Rajapuri Creek in Raigad district over 150 km from Mumbai.
The port is being developed by Balaji Infra Projects Ltd (BIPL) under a 50 year Build, Own, Operate, Share, Transfer (BOOST) concession agreement.
The agreement was signed by BIPL with the Maharashtra Maritime Board (MMB), Government of Maharashtra in order to develop, operate, finance and maintain the Port.

Month: Current Affairs - April, 2015