New Delhi: India looks poised to augment its infrastructure by collaborating with Germany for projects worth Rs 1 lakh crore, Union Transport Minister Nitin Gadkari said on Saturday.
Gadkari met with a German delegation led by Transport Minister Alexander Dobrindt and had a detailed discussion on developing infrastructure for port rail connectivity for efficient cargo release and reduction of logistics cost.
“We have sought Germany’s co-operation to sync up our ports with railway connectivity through projects worth Rs 1lakh crore which will be undertaken by Indian Port Rail Corporation Ltd (IPRCL),” Gadkari said.
The development came after a pact between German Railways Deutsche Bahn (DB) and IPRCL during the Maritime India Summit held earlier this year for carrying out 22 different projects under the Union Government’s esteemed Sagarmaala Project.
Out of these 10 are to be completed by 2017-18 and the rest 7 have been targeted to be carried out by 2018-19.
“We had a very fruitful meeting,” Gadkari said after the meeting. “Both the companies are set for collaboration not only for connecting ports to railways networks but also in areas of waterways and roads,” he added.