Kerala government has agreed to bear the 50% cost of rail line between Nilambur and Nanjangud in the state of Kerala. According to latest norms, Indian Railways is keen to implement projects where states are ready to bear 50% of the costs of land acquisition. It may be noted, Nilambur has a thick forest cover.
Metro Link Express For Gandhinagar & Ahmedabad (MEGA) Co.Ltd plans metro rail network which will cover 83 kms of railway track covering important points like Kaulpur railway station in Ahmedabad, Airport, GIFT city etc., The project will cover 64 kms of elevated corridor and 19 kms of underground rail track. The average distance between stations will be 1.5 kms. The speed of the metro will be designed at 110 kmph and an operating speed of 100 kmph.
The company has appointed Ernst & Young as bid process adviser, PWC for project management support.