The Hindu : Front Page : Japan to set up rail freight corridors

Online edition of India's National Newspaper
Saturday, Dec 16, 2006
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Japan to set up rail freight corridors

K. Venugopal

Tokyo: Dedicated rail freight corridors with computerised control from New Delhi to Mumbai and to Kolkata were among the projects announced by Prime Minister Manmohan Singh and Japanese Prime Minister Shinzo Abe on Friday.

This would be in tandem with the setting up of industrial clusters along the route, and one or two ports on the west coast. A feasibility report on the project would be ready in 10 months, they announced in a Joint Statement.

In addition to these industrial clusters that may house all types of investors, a multi-product Special Economic Zone or cluster will be set up exclusively for Japanese manufacturing and processing industries, hotels and recreational units.

The Japanese Government will encourage investment by companies from its country by developing the infrastructure at these special economic zones.

India has invited Japanese energy companies to participate in the building of the 4,000 MW power project at Cheyyur in Tamil Nadu and the 3,000 MW Lohit Hydroelectric Plant in Arunachal Pradesh.

India has invited Japanese participation in the development of airports through public-private partnership and also through grants from the Japanese Government's Overseas Development Assistance window, a proposal Japan says it will consider seriously.

The Indian side welcomed Japan's plan to open a consulate in Bangalore.

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