The Metro rail link between Noida and Greater Noida has got a green signal from the urban development ministry. In a board meeting held on Wednesday, the ministry approved Delhi Metro Rail Corporation's (DMRC)
Category: Railways & Metro Rail
Post
Post
New Board of Trustees at CHPT
The Union government has reconstituted the Board of Trustees of Chennai Port (ChPT) for a period of two years from April 2014 to March 2016. Chairman Atulya Misra has been retained as ex-officio chairman of the trust. The reconstituted board has 20 members. There are seven ex-officio members on the board representing the Ministry of Shipping, Customs, State government, the Defence Services, Indian Railways, Coast Guard and Mercantile Marine Department.
Post
IR earnings at Rs 1,26,028 crore
The total approximate earnings of Indian Railways (IR) on originating basis during 1 April 2013 to 28 February 2014 were Rs 1,26,028 crore compared to Rs 1,12,017 crore during the same period last year.
Post
Increased load brings relief
Indian Railways (IR) expected to exceed the Budget loading target for this financial year, a first in five years, Railway Minister Mallikarjun Kharge said while presenting the interim Railway Budget 2014-15. He said this financial year, loading would be at 1,052 million tonne (mt), against the Budget target of 1,047 mt. The target for 2014-15 has been set at 1,101 mt, the highest in recent times. In 2012-13, loading was at 1,008 million tonnes (mt), against the Budget estimate of 1,025 mt.
Post
Railways to improve aesthetics at stations
As part of its green initiative, the Indian Railways will promote use of renewable and clean energy in 26 buildings, 200 railway stations and 2,000 level crossing gates across the country in the next fiscal. The move also includes making arrangements of ´watch and ward´ staff to check open defecation and littering near stations. Highlighting the initiatives in the rail budget for 2014-15, Railway Minister Mallikarjun Kharge also proposed to create ´Green Curtains´ through landscaping and plantat
Post
In-principle approval for Pune Metro
The Union government accorded an in-principle approval for the Pune metro plan. The project will cover 31.51 km along two corridors-PCMC building to Swargate and Vanaz to Ramwadi. The approval will enable the state to start for the early implementation of the project through a special purpose vehicle, equally and jointly owned by the Centre and the state government. However, the approval is not a prior approval for the project in part or whole for financial assistance.
Post
Decision on FDI policy in Railways soon
Commerce and Industry Minister Anand Sharma said that the Cabinet will soon take a view on liberalising foreign direct investment (FDI) policy in railways sector. The department of industrial policy and promotion (DIPP) has proposed to allow 100 per cent FDI in high-speed train systems, suburban corridors, high-speed tracks and freight lines connecting ports and mines. However, existing passenger and freight network operations will not be opened to foreign investors.
Post
Security concerns on rail FDI proposal
The Home Ministry and the Department of Economic Affairs (DEA) have cautioned the government on relaxing FDI policy in Railways, citing security concerns, especially with regard to investments from China in this sensitive sector. In its comment on the proposal of the Department of Industrial Policy and Pro-¡motion (DIPP), the Home Ministry said Chinese investments in such a sensitive sector should be viewed with caution.
Post
Three states to sign MoU on tricity metro project
Punjab, Haryana and Chandigarh will sign a memorandum of understanding (MoU) related to the ambitious metro rail project.
Recently, all the three stakeholders had agreed upon the terms and conditions of the MoU and the approval of the same was conveyed to the government of India.
Post
Chennai Metro by Oct
After conducting successful trial runs, the Rs 14,600 crore Chennai Metro Rail Project is expected to commence commercial operations on its first line by the end of 2014, covering around 11 km between Koyambedu and St Thomas Mount. The state administration said the project was progressing well, and would ensure faster clearance from the Centre for the Washermanpet to Thiruvottriyur corridor, besides taking up the Detailed Project Report (DPR) for Phase II of the project.