The Delhi Metro announced the completion of its construction of a cross-over viaduct above the existing operational line at east Delhi's Karkarduma Metro station, 21 m above the ground. Calling it a rare feat,
Category: Railways & Metro Rail
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L&T to construct Doha Metro project
Larsen & Toubro (L&T) has won a Rs 4,510-crore order from Qatar Railways Company for design and construction of the Gold Line of the Doha Metro project. The company has an order book of Rs 1.7-lakh crore and has given an order growth forecast of 15 per cent for 2013-14.
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Noida Metro gets Centre’s nod
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)
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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.
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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.
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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.
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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
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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.
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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.
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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.