(a) whether Rail Vikas Nigam Limited and Krishnapatnam Port Company have recently entered into an agreement for construction of railway line between Obulavaripalem and Krishnapatnam;
(b) if so, the details thereof;
(c) the cost and the time schedule for completion of the project; and
(d) the time by which the construction is likely to commence ?
MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI R. VELU)
(a) & (b): Yes, Sir. A Memorandum of Understanding has been signed on 22.11.2005 among Rail Vikas Nigam Limited, Government of Andhra Pradesh and Krishnapatnam Port Company for formation of a Special Purpose Vehicle to implement the project.
(c): The landed cost of the project is Rs.588 crore. Target for completion is 2008-09.
(d): After sanction of the project, the Special Purpose Vehicle will commence the construction. The project is under process of sanction.