PIB, Aug 23, 2007
The Prime Minister, Dr. 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. A detailed milestone map with target dates is to be prepared for these projects with indication of annual requirement of funds.
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.
The Prime Minister 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.
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