An MoU for implementation of the 362 km Indore- Manmad New Railway Line Project has been signed between Jawaharlal Nehru Port Trust- Ministry of Shipping, Ministry of Railways, Govt of Maharashtra and Govt of Madhya Pradesh. The new project will reduce the distance from Mumbai/Pune to key central India locations by 171 kilometers, resulting in lower logistics costs. This is especially significant as the new railway line will pass through the Delhi-Mumbai Industrial Corridor nodes of Igatpuri, Nashik and Sinnar; Pune and Khed; and Dhule and Nardana.
Containers and other rail traffic from Indore and other Central Indian locations currently have to follow a circuitous route through Vadodara and Surat to reach Mumbai, Pune and ports like JNPT, travelling a distance of 815 km. The implementation of the project will be through the Indian Port Rail Corporation Limited (IPRCL) on Joint Venture SPV model. A Joint Venture Company will be formed between Ministry of Shipping or its nominated PSUs/Entity including JNPT (which will be the main promoter) with equity share of 55 per cent, Government of Maharashtra or its nominated PSUs/Entity, Government of Madhya Pradesh or its nominated PSUs/Entity, and others with equity share of 15 per cent each.