26 August 2016 Current Affairs: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, gave its approval for 9 projects worth Rs. 24,374.86 crore in nine States for expansion of railway network and connectivity across the country.
The cabinet approved for construction of third line between Itarsi and Nagpur at an estimated cost of Rs.2, 449.91 crore and expected completion cost of Rs.2,882.94 crore. The 280 km long railway line is expected to be completed in five years.
Besides facilitating the travel, industries in and around Itarsi-Nagpur route will have additional transport capacity to meet their requirements. It also approved construction of third line between Ballarshah and Kazipet at an estimated cost of Rs.2,063.03 crore.