Govt has already approached World Bank seeking termination of contract. The progress of the project was just 20 per cent though the contract was awarded in 2016.
Bulk goods should be transported through rail instead of roadways as it would be cost effective and environment friendly, said Pawan Kumar Bansal.
Built by the French railway technology company Alstom, it will host a 90-metre-long digital wall for train operation, said to be the second largest in Asia.
It will also provide support to the government for finalising the financial and implementation models.
The 190-km railway line will be between Dadri in Uttar Pradesh and Phulera in Rajasthan, which fall under the Western Dedicated Freight Corridor
The double-line pilot section will be commissioned with an investment of Rs 1,000 crore.
The Railway Budget has impressed industry watchers.