A memorandum of understanding (MoU) was signed between Jawaharlal Nehru Port Trust (JNPT) and the railway ministry and states of Maharashtra and Madhya Pradesh for construction of the Indore-Manmad railway line.
“The new project will reduce the distance from Mumbai/Pune to key central India locations by 171 kilometers, resulting in lower logistics costs,” the government said in its press release.
Union Minister lauded the MoU by saying that it would help develop backward regions of Maharastra and Madhya Pradesh as the new railway lines would pass through both the states.
Moreover, the project is estimated to provide revenues of around 15,000 crores annually which appears to be a shot in the arm from the revenue perspective.
The central government expects that the project will cut the logistics expenditure between the cargo centers Lucknow, Agra, Gwalior, and Kanpur. Also, the cost is expected to down between Indore Dhule Bhopal region and JNPT and Mumbai regions.