7 cities planned for Delhi-Mum corridor

The cities would come up along Delhi-Mumbai Dedicated Rail Freight Corridor which is under implementation.

The Department of Industrial Policy and Promotion DIPP has obtained views of most of the the concerned ministries 8220;Soon we will prepare the Cabinet note seeking funds 8221; a source said.

Out of the total amount,Rs 17,500 crore would be used to create infrastructure like internal roads,solid waste disposal,flood management,storm water and sewerage system,bus and rail-based public transportation system and landscaping.

For preliminary work of the project as a Project Development Fund,DIPP has sought Rs 1,000 crore.

New cities and sub-cities will be developed around the industrial nodes of Kushkhera-Bhiwadi-Neemrana in Rajasthan,Dadri-Noida- Ghaziabad in Uttar Pradesh,Bharuch-Dahej in Gujarat,Igatpuri-Nashik-Sinnar in Maharashtra and Pitampura-Dhar-Mhow in Madhya Pradesh.

Later,17 more cities are planned to be developed on a similar pattern.

The money from the Centre would be both in the form of debt and equity which would be ploughed into the Delhi Mumbai Industrial Corridor Development Corporation Limited DMICDC,which is a joint venture between the government,ILamp;FS and IDFC.

8220;This investment is necessary to create basic infrastructure so that industrial and trading activities can come up,8221; the source said.

This money has to be put in by the government even before public-private-partnership PPP business model can be developed,the source added.

About Rs 2,500 crore would be spent on each city to develop basic infrastructure.