India, Germany to collaborate for Rs 1-lakh crore projects
India is ready to forge ties with Germany to augment its infrastructure, including developing Rs 1 lakh crore projects, to provide connectivity to ports.
A German delegation, led by its Transport Minister Alexander Dobrindt, had a detailed meeting with Gadkari related to various aspects of infrastructure development. Germany will help India develop infrastructure, including railway connectivity to ports, in the planned Rs 1 lakh crore projects to be undertaken by Indian Port Rail Corporation Ltd (IPRCL). Both the companies are set for collaboration not only for connecting ports to railways networks but also in areas of waterways and roads. The development follows inking of a pact between IPRCL and the German Railways Deutsche Bahn (DB) during the Maritime India Summit earlier this year for co-operation on modernisation of rail port connectivity and port rail facilities of Indian ports.
Out of the total 22 projects, subject to their feasibility, 10 projects are likely to be completed during 2017-18 and 7 during 2018-19. Five projects are at survey/detailed project report (DPR)/land acquisition stage, as per the government. For efficient evacuation of cargo from ports and to reduce logistics cost, last-mile rail connectivity of ports holds significance.