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.
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.
Railways has clarified that any investment through FDI would be limited in scope and only cover aspects like laying of tracks for last mile connectivity. However, FDI would not be allowed in train operations, safety, etc, According to sources from Railways. Currently, PPP is allowed in port connectivity. According to ministry officials, the FDI plan has already been submitted to DIPP, which is expected to ready a cabinet proposal in that regard early next year.
Chief Secretary Rajiv Mehrishi will review the Jaipur Metro Phase-I(B) project. The underground project is proposed from Chandpole to Badi Chaupar. The Chief Secretary was appointed to review the project, after the Jaipur Metro Rail Corporation (JMRC) gave a presentation of the proposed Jaipur metro phases.
In Gujarat, the 64-km-long Bharuch-Dahej Rail Corridor (BDRC) that passes through a fast-growing industrial zone is looking to tap Rs 1,000-crore annual revenue by the end of the current fiscal. The Corridor is to become functional in the next six months to handle bulk and container cargo.
To supplement its working capital requirements, Hyderabad-based IVRCL is to raise Rs 1,200 crore and infuse capital into new projects. To facilitate fund-raising, the construction and infrastructure company has enlisted the services of SBI Caps, sources said.
After a gap of more than two years, the Indian Railways will procure wagons. A tender has been floated for a total of 11,728 wagons of six types, including the standard ones for coal and iron or
For Indian Railways, October proved to be a bad month in freight loading. There was a drop of 1.67 million tonne during the month. The reason was major freight loading zonal railways were hit by the inclement weather, particularly cyclone Phailin.
There are no cracks on Dwarka-Noida City Centre (Line 3) Metro train route, The Delhi Metro Rail Corporation (DMRC) has stated on November 14. It also denied all media reports on the cracks. DMRC made it clear that they were signs of epoxy used in repairing work.
For brighter visibility of tracks, especially at locations with bends, East Coast Railway (ECoR) has designed, developed and provided 'Four Beam Headlights' on its locomotives. The headlights are first of its kind in Indian Railways. Generally, the locomotives run on Indian Railways are fitted with Twin Beam Headlights where the focus is on a straight line.