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                 TVS ILP ALLOCATES `125 CRORE FOR NEW          PROGRESS HALTS ON KARNATAKA-ANDHRA RAILWAY LINE
                    WAREHOUSING FACILITY IN CUTTACK            The completion of the Tumakuru-Rayadurg railway line, crucial
           TVS ILP, a prominent player in the warehousing sector and part   for bolstering connectivity between Bengaluru and Ballari, faces
           of the TVS Mobility Group, has commenced the construction of   delays as the onus falls on the Karnataka and Andhra Pradesh  INFRASTRUCTURE
           a cutting-edge warehouse in Cuttack, Odisha, signaling its foray   governments, according to recent statements from the Centre.
           into eastern markets.                               Union Minister for Railways, Ashwini Vaishnaw, highlighted in a
           Spanning 24 acres, the upcoming facility will feature two   parliamentary reply that the project’s advancement relies on a
           expansive warehouses covering a total of 5 lakh square feet. It   50:50 cost-sharing basis between the Government of India and
           is designed to serve various sectors including FMCG, FMCD, 3PL,   the state governments of Karnataka and Andhra Pradesh. With
           and e-commerce. Strategically located at the intersection of the   an estimated project cost of `2,404 crore, significant expenditure
           Mumbai and Chennai-Kolkata highways (off NH 55), the site offers   has already been incurred, including the commissioning of the
           excellent connectivity to the Paradip port and key areas across   83 km-long Rayadurga-Doddahalli section. However, further
           the nation.                                         progress necessitates expedited land acquisition efforts and
           With an investment of approximately `125 crore, TVS ILP aims to   financial contributions from both states. The Rayadurg-Tumakuru
           complete the project by December 2024. The logistics park in   project aims to offer an alternative rail route from Bengaluru to
           Cuttack is anticipated to create over 110 direct job opportunities   Guntakal and Ballari, aiming to alleviate congestion on existing
           and between 500 to 1,000 indirect employment opportunities in   routes. However, land acquisition challenges persist, particularly
           the region, according to a company release.         in Andhra Pradesh, where required land parcels are yet to be
           Manikandan Ramachandran, COO of TVS ILP, highlighted the   acquired. The AP government’s reluctance to honor the cost-
           significant growth potential of the Choudwar Industrial Estate and   sharing agreement, specifically concerning land acquisition
           emphasized that the new facility aims to facilitate businesses   costs, has raised concerns, potentially jeopardizing the project’s
           in meeting the rising demand from the eastern region of India.   timeline. Railways assert that projects of such magnitude cannot
           He also reiterated the company’s commitment to establishing   solely rely on their funds, emphasizing the need for collaborative
           industrial parks approximately every 400 km across the country.  efforts. Despite these challenges, Minister Vaishnaw emphasized
           In addition to the Cuttack project, TVS ILP expressed its dedication   the multifaceted nature of railway project completion, highlighting
           to exploring similar ventures in other Tier-2 towns in Odisha,   the necessity of prompt land acquisition, regulatory clearances,
           underscoring its position as the first national logistics park player   and environmental considerations. Despite constraints, efforts are
           to enter the state.                                 underway to expedite project execution.

             BENGALURU SUBURBAN RAILWAY ADVANCES AS SWR             GOREGAON-BORIVLI HARBOUR LINE TENDERS
                 LEASES LAND TO K-RIDE FOR CORRIDOR-4                 IMMINENT, OPERATIONS SET FOR 2027-28
           Progress was made recently with the Bengaluru Suburban Railway   Western Railway (WR) has unveiled plans to extend the harbour line
           Project (BSRP) as the South Western Railway (SWR) leased 114.472   by 8km from Goregaon to Borivli in two phases, with a completion
           acres of land for Corridor-4 from Heelalige to Rajanukunte in the   deadline set for 2027-28. This strategic extension aims to alleviate
           city, sources revealed. The Railways handed over the land to the   congestion along the Andheri-Borivli section, known as one of the
           Rail Infrastructure Development Company-Karnataka Limited   most crowded routes on WR. Tenders for the `825-crore project
           (K-RIDE) for the execution of Corridor-4, also known as the ‘Kanaka   are slated to be floated in May, with anticipated commencement
           Line’. Additionally, a lease agreement for revised Railway land,   of work around June 15. According to a senior WR official, the first
           reduced from 157.07 acres to 85.707 acres for Corridor-2 (Mallige   phase will encompass a 2km stretch between Goregaon and
           Line), was signed on the same day, according to sources speaking   Malad, scheduled to be operational by 2026-27. The subsequent
           to PTI. This land transfer is anticipated to accelerate the pace of   phase will cover a 5km extension from Malad to Borivli, with
           the project, which has been progressing slowly.     completion projected for 2027-28.
           On February 9, the Karnataka government and the KfW   Currently operating between CSMT and Goregaon, the harbour
           Development Bank of Germany inked a Memorandum of   line witnessed its last extension from Andheri to Goregaon in
           Understanding (MoU) to finance the BSRP project. The bank will   2018. WR has initiated preliminary work, including geotechnical
           provide a loan of `4,561 crore at an annual interest rate of 4% for   investigations, topographic surveys, and acquiring details of
           20 years. K-RIDE officials indicated that the loan amount will fund   existing structures. A total of 1,900sqm of land across 20 locations
           various components of the project, including Corridor-3 Station   needs to be acquired, primarily from private owners. The process
           and viaduct, Corridor-4 station work, Depot-1 solar panel, and   of private land acquisition has been initiated, affecting 24 private
           security equipment.                                 buildings along the corridor.
           This loan aims to address critical infrastructure needs. During the   Due to space constraints, the station at Malad will be elevated,
           foundation stone laying ceremony of BSRP in Bengaluru in June   making it the only platform at such a height along the route. Other
           2022, Prime Minister Narendra Modi expressed optimism that “what   stations between Goregaon and Borivli will remain at ground level.
           had not happened in the past 40 years would be completed in the   Additionally, the corridor will feature a ramp from the western side
           next 40 months.” Presently, Karnataka Infrastructure Development   of the existing tracks after heading north of Goregaon. A flyover at
           Minister M B Patil has set a new deadline of December 2027 for   Malad is estimated to cost `145 crore, while the elevated station
           the project’s completion.                           is expected to incur `65 crore in expenses.


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