Industry Corridor To Cost $90 Billion: Nath

An industrial corridor between Delhi and Mumbai to be built by the government with Japanese assistance will cost $90 billion, almost double an earlier estimate, Trade Minister Kamal Nath said on Monday.The cost of the project, spread over seven years, had been revised up as the corridor will have state-of-the-art ports, airports and uninterrupted power supply, Nath told reporters after a meeting with his Japanese counterpart, Akira Amari.

The project to link India''s political and financial capitals will be funded by the Indian and Japanese governments, Japanese firms, and money raised by Indian firms issuing shares in Japan.I hope the Delhi-Mumbai industrial corridor will become a foundation to trigger an industrial revolution in India, Amari told a business conference.The project will include a high speed rail freight corridor, new power capacity of 4,000 megawatts, three new sea ports and six airports.