Thiruvananthapuram: While the government will advance with the Sabarimala Airport project, other priority infrastructure projects, high-speed semi trains, have not overcome two obstacles from the train Ministry before the detailed detailed project report, and the Department of Economic Affairs under the Ministry of Finance, where the application for Pending external funding.
According to the main sources of the Government, the Railroad Council has not given permission for the project as Minister of Train Union Ashwini Vaishnaw has been looking for detailed presentations on the project.
However, he hasn’t distributed time for the presentation.
While the DPR has not been cleaned by the Railway Ministry, the funds for the RS 62.941Crore project have not been formed because the proposal for external funding is waiting before the Department of Economic Affairs, which needs to clear it.
The state government submitted a proposal to utilize foreign funds RS 33,700 Crore for the project.
The proposal of the country for Dea said that the country was looking for funds from JICA, ADB, AIIB and KFW.
However, the DEA screening committee for cleaning the project decided to delay the proposal.
DEA is looking for a business from the state government which if the Special Purpose Vehicle (SPV) failed in debt service, the obligation will be borne by the state government, without the support of the budget from the Ministry of Train.
Kerala Rail Development Corporation Ltd (KRDCL), the Nodal Agency to execute the project, is a joint venture between the state government and the train ministry.
However, the state government has not made decisions in this matter and the file currently delayed by the State Ministry of Finance.
Meanwhile, the state government has given permission to continue preparatory work for land acquisition for the project.
Orders for the establishment of land acquisition units have been published, and the social impact assessment study (SIA) will be entrusted to accredited institutions after institutions submit their proposals through related district collectors.
In addition, funds sought from funding agents, RS 2,100 Crore is given through KIIFB and RS 300 Crore from the government for land acquisition.
The KRDCL proposal for the sanctions of RS 2,400 Crore is waiting with Kiifb and the Ministry of Finance.
Meanwhile, loans from Hudco with government guarantees were also awaited and negotiations were ongoing on loan interest, which was originally offered at 8%.
The semi-high dry corridor project is 529.45km, titled Silverline Corridor which connects Thiruvananthapuram to the use of 3,418 Acre which includes railroad and private.
From the estimated cost of the project, RS 11,535 Crore has been estimated for overall compensation, where RS 975 Crore will take over the railroad, Rs 6,100 Crore to acquire private land, and Rs 4,460 Crore to pay compensation that is damaged.
In addition, RS 1,730 Crore will be spent on rehabilitation and resettlement.