Search Keyword: DFC
In this extensive interview to INFRASTRUCTURE TODAY, he says that it is entirely up to the Railways on how it would like to leverage its unique position as the country’s most inclusive transporter.
Mangal Dev, Head of Hitachi Rail Systems Co., India & South Asia Region affirms that the time is ripe for the development of a network of bullet train projects in the country.
Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
Two-thirds of the infrastructure investment, as per the revised plan, was to be funded by the public sector (central and state governments) while the remaining one-third was to come from the private sector.
Over the past 10 years, India has successfully executed projects such as the Golden Quadrilateral road programme and port expansion projects in the country.
Investment opportunity stems from efforts of making rolling stock safer, faster and more efficient. The thrust on electrification is expected to give a spurt to electric locomotives, bringing down the fuel bill significantly, even as increasing investment in higher horse power locomotives will support longer rakes.
In the next five years, special purpose vehicles (SPVs) will be spending around Rs.1,631 billion on projects conceived under area-based development and Rs.388 billion on pan-city development.