Mumbai | The Maharashtra government will give its consent to the merger of Konkan Railway Corporation Ltd with the Indian Railways, Chief Minister Devendra Fadnavis announced in the legislative council on Wednesday.
The move will help KRCL overcome its financial constraints while the name `Konkan Railway' will be retained, he said.
Currently, KRCL is a public sector undertaking under the administrative control of the Indian Railways.
"Maharashtra will communicate to the Centre its consent for the merger," Fadnavis said, responding to a question by the BJP's Pravin Darekar in the upper house of the state legislature.
"Whether it is doubling of railway tracks or undertaking landslide preventive measures, the corporation could not proceed due to lack of funds," the chief minister said.
Multiple discussions took place with the Union government on the issue, and the Railway Minister proposed merger as a solution, he said.
"Kerala, Karnataka and Goa have already given approval. While indicating our consent, we requested the Union government to retain the name Konkan Railway," Fadnavis said.
Railway minister Ashwini Vaishnaw accepted the request, he added.
"After the merger, Konkan Railway will receive more funds for doubling of tracks, modernisation of stations and implementation of accident-prevention measures," he said.
You may also like
Labour MP Dan Norris suspended after arrest over rape and child abuse allegations
'Hands Off!' protests across US: What sparked them and why people are taking to the streets
Fire breaks out in yard in northeast Delhi, several vehicles gutted
Lebanese president holds 'constructive' talks with US envoy on south, border with Syria
Premier League: Villa beat Forest to boost European hopes