Maharashtra Rail Infrastructure Development Corporation Limited is a Joint venture of Govt. of Maharashtra and Ministry of Railways incorporated on 8th August 2017.
The aim of setting up this Joint Venture Govt., Company is to provide a boost to the Rail Infrastructure Projects in the Maharashtra State on the principle of cooperative federalism.
There are several regions in Maharashtra State, having long pending demands for construction of new Railway lines. There is need for development of Rail infrastructure for critical connectivity and capacity enhancement in the State of Maharashtra. Accordingly, it is aimed to identify, develop and implement such Rail line projects.
The aim of MRIDC is also to identify the traffic potential of different regions of the state including rail connectivity to the neighbouring states and find out economically viable projects and implement them with fast track construction and commissioning.
The company is having wide ranging jurisdiction as mentioned in the Memorandum of Association and has immense potential to perform and grow. However, the company will carry on the business ordinarily in the territory of Maharashtra.
In Maharashtra state, only a total of 180 Kms. New line and 456 Kms. doubling has been commissioned during last seven years from 2011-12 to 2017-18. As against this performance, there are large number of projects sanctioned and are yet to be commissioned.
As on 01-04-2018, there are 688 Kms. of new lines and 2449 Kms. of doubling is clearly sanctioned. Besides there are 1149 Kms. of new line, 106 Kms of gauge conversion and 124 Kms. of doubling are sanctioned with partial project funding from outside. Future 380 Kms. of new line is included in capital investment program 2016-17.
In addition to these sanctioned projects, there are 54 surveys sanctioned, covering length of 6544 Kms. Even if 20 % of these surveys get converted into sanction of the projects, it will increase the arrears of incomplete projects considerably. MRIDC will be committed to wipe out these arrears and also will be maintaining these new assets.
The following activities are included in the scope of the company.
The Board of directors (BOD) of MRIDC consists of Non-Executive Chairman (Chief Secretary of Govt. of Maharashtra), Managing Director, two functional Directors Director (PP) appointed by Ministry of Railway and Director (BD&F) appointed by Govt. of Maharashtra. Four nominated part time directors (two each by Ministry of Railway & Govt. of Maharashtra) and two Independent directors (one each by Ministry of Railway & Govt. of Maharashtra).