Lok Sabha Question No. 176 (STARRED), answered on 2016-03-09
Subject: SPV for Railway Projects
Ministry: RAILWAYS
Asked by: R. GOPALAKRISHNAN, RAJESHBHAI NARANBHAI CHUDASAMA

## GOVERNMENT OF INDIA MINISTRY OF RAILWAYS

## LOK SABHA STARRED QUESTION NO. 176 TO BE ANSWERED ON 09.03.2016

## SPV FOR RAILWAY PROJECTS

* 176.  SHRI R. GOPALAKRISHNAN: SHRI RAJESHBHAI CHUDASAMA:

Will the Minister of RAILWAYS be pleased to state:

- (a) whether a number of railway projects have been proposed by various States  including  Tamil  Nadu  to  boost  industrialisation  and  if  so,  the details thereof;
- (b) whether the Government proposes to set up Special Purpose Vehicles (SPVs)  in  partnership  with  the  State  Governments  for  the  above purpose;
- (c) if  so,  the  details  thereof  and  the  reaction  of  the  State  Governments thereto;
- (d) whether these States including Tamil Nadu have indicated the railway projects priority for implementation through Special Purpose Vehicle; and
- (e) if  so,  the  details  and  the  present  status  thereof  along  with  the  total funds required for these projects, project-wise?

ANSWER MINISTER OF RAILWAYS (SHRI SURESH PRABHAKAR PRABHU)

- (a) to (e):   A Statement is laid on the Table of the House.

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STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF STARRED QUESTION NO. 176 BY SHRI R. GOPALAKRISHNAN AND SHRI RAJESHBHAI CHUDASAMA TO BE ANSWERED IN LOK SABHA ON 09.03.2016 REGARDING SPV FOR RAILWAY PROJECTS.

(a) to (e):   In order to meet the growing demand for new projects and also to expedite ongoing projects, Ministry of Railways have launched a scheme of project development, financing and monitoring through Joint Ventures/SPVs with State Governments.  In this regard, Ministry of Railways has  approached  all  State  Governments  to  form  Joint  Venture  Companies (JVCs)  with  Ministry  of  Railways  to  undertake  mutually  identified  rail infrastructure  projects  for  project  development,  financing  and  monitoring. This will, inter-alia, include surveys, preparation of Detailed Project Report (DPR) and  getting requisite approvals, processing for sanctioning of identified  projects  and  monitoring.  17  State  Governments,  viz.,  Andhra Pradesh,  Bihar,  Chhattisgarh,  Gujarat,  Haryana,  Jharkhand,  Karnataka, Kerala,  Madhya  Pradesh,  Maharashtra,  Odisha,  Punjab,  Rajasthan,  Tamil Nadu, Telangana, Uttar Pradesh & West Bengal have accorded 'in principle' approval to form such JVCs.   MoU with six States have been signed in this regard.  MoU with Government of Tamil Nadu has not been signed.

13  projects  (12  New  Line  &  one  Doubling)  including  construction  of new  line  from  Morappur  to  Dharmapuri  (36  Km)  have  been  included  in Railway Budget 2016-17 at an anticipated cost of ` 33,092 Crore subject to requisite approvals.  These projects are proposed to be taken up through Joint Venture with State Government.

In anticipation of  various State Governments coming forward to take up projects through Joint Venture,  30 projects (25 New Line, 2 Doubling & 3 Gauge Conversion) have been included in Capital Investment programme of 2016-17 incorporated as annexure to the 'Pink Book' of sanctioned works at an anticipated cost of ` 58,274 crores.

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