During the last three years and current year, three Memorandum of Understandings (MoUs) have been signed for construction of new railway lines with State Governments of Chhattisgarh, Jharkhand and Rajasthan. This information was given by the Minister of State for Railways Adhir Ranjan Chowdhury in written reply to a question in Lok Sabha
Category: Railways & Metro Rail
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Kochi Metro project gets Rs 298 cr from Kerala govt
Rs 297.75 crore has been sanctioned for Kochi Metro by the Kerala government on March 28. Out of this, Rs 88.50 crore is State Government's equity share and Rs 209.25 crore is for land acquisition. The State government had sanctioned Rs 19 crore for preparatory works as equity share.
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‘Delhi Metro is one of world’s best transportation systems’
After travelling in the Delhi Metro train on March 25
former President APJ Abdul Kalam was effusive about Delhi Metro Rail Corporation for creating a 'culture of excellence'. It was Kalam's maiden ride on the Indian capital's Metro train. Kalam boarded the train at Central Secretariat station and travelled up to Rajiv Chowk where he saw the interchange arrangements for Jahangirpuri-HUDA City Centre (Yellow Line) and Dwarka Sector 21-NOIDA City Centre (Blue Line) corridors.
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Railways slashes charges for moving containers
The Indian Railways has decided to charge less for moving some categories of containers. After deciding, in November 2012, to raise haulage rates by up to 31 per cent in two installments — in December 1, 2012, and February 1, 2013, the Railway Ministry has now decided to lower the rates by five per cent in two segments — 10-20 tonne cargo in twenty feet equivalent unit (TEU) containers, and 20-40 tonne cargo in forty feet equivalent (FEU) containers.
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Railways to revise passenger fares in Oct
As part of an exercise to introduce a fuel adjustment component (FAC) in passenger segment, the Indian Railways would revise passenger fares in October. According to the FAC policy, the freight and passenger rates would be revised twice a year, keeping in mind the proportionate movement in diesel and electricity prices.
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Hyd Metro’s non-ticket revenues to contribute 50%
Hyderabad's 72-km Metro Rail project is based on a revenue model of 50 per cent from passenger fares, 45 per cent from property development and 5 per cent from advertisement and other miscellaneous sources. The Rs 14,132-crore project, being implemented under the public, private partnership mode by concessionaire L&T, has a viability gap funding from the Central Government to the tune of Rs 1,458 crore while the remaining Rs 12,674 crore is being raised by L&T, which has already achieved financi
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Jaipur citizens to ride Metro train by June
Rajasthan has claimed that its capital Jaipur will see the Metro running this June itself. It claimed that the Metro had been constructed in a record time of less than two and half years thanks to the support from the Delhi Metro Rail Corporation. Rajasthan Chief Minister Ashok Gehlot said this in his meeting with the Deputy Chairman of the Planning Commission Montek Singh Ahluwalia in Delhi on March 20.
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India for development of inter-country rail linkages
Indian government is committed to the development of inter-country rail linkages and in furtherance of this policy, it supports the development of Trans-Asian Railway Network, the Union Railway Minister Pawan Kumar Bansal said in Delhi on March 19. This network would provide a major land corridor for transport of people and goods across the frontiers of the member countries, Bansal said while speaking at the 7th meeting of Railways of South and South East Asian Countries.
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Railways to mop up Rs 2,000 cr
By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail
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Railways to mop up Rs 2,000 cr
By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail