The Cabinet Committee on Economic Affairs has approved the construction of a third railway line between Narayangarh in West Bengal and Bhadrak in Odisha.
Addressing the media, Union Finance Minister Arun Jaitley said the new 155-km railway line will ease congestion on the route.
“The third line will help generate additional optimum capacity to cope with the existing as well as additional traffic,” he said.
According to government estimates, the project would cost Rs 1,866.31 crore and would be completed by 2023-24. It is expected to generate direct employment for around 37.2 lakh man days.
The Union Cabinet also approved three out of six corridors of the Delhi Metro’s proposed Phase IV, Finance Minister Arun Jaitley said.
According to the government, corridors of Mukundpur-Maujpur, RK Ashram-Janakpuri West and Aero City-Tughlakabad have been approved by the Cabinet.
There will be 17 underground and 29 elevated stations in the three corridors whose total length will be 61.679 km.