Prime Minister Manmohan Singh has approved funding of the Bogibeel Rail-cum Road Bridge and the Rangia-Murkongselek gauge conversion projects at a cost of Rs1980 crores.
New Delhi, Aug 23 : Prime Minister Manmohan Singh has approved funding of the Bogibeel Rail-cum Road Bridge and the Rangia-Murkongselek gauge conversion projects at a cost of Rs1980 crores.
Additional Budgetary support will be given to the Railways to complete the projects, said a Prime Minister's Office (PMO) release issued here today. A detailed milestone map with target dates is to be prepared for these projects with indication of annual requirement of funds, it added.
The Ministry of Railways will set up a dedicated fund for these projects to ensure timely implementation. The cost overruns will be funded by the Railways from internal resources.
Singh has directed that a uniform funding pattern, on the same lines, be extended to the remaining five-sanctioned National Projects for the North East Region.
A dedicated fund called the "North East Rail Development Fund" will be set up for the timely completion of these projects. The projects will be completed in five years. The Ministry of Railways will submit a proposal for the approval of the Cabinet.
ANI