Railways has drawn up a new policy draft to attract private players for setting up rail terminals at ports and sought suggestions from prospective investors before finalising the draft. The policy entails the framework of guidelines for development of rail terminals and associated logistics facilities for cargo handling and other value added services at privately developed ports.
Category: Railways & Metro Rail
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Govt prepares policy for metro rail projects
In order to aid state governments in drafting their own feasibility reports for metro rail projects, the Central Government has prepared a consolidated policy for such projects.
The consolidated policy focuses on both public-private partnership (PPP) and government funding models. The Central Government would consider the request for funding from the state government for metro rail projects based on the policy. The government earlier planned to implement metro rail projects in 34 cities that ha
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Indian Railways expects hike in budgetary support
The Indian Railways seeks increase in budgetary support for 2013-14 to Rs 38,000 crore from Rs 24,000 crore in the current financial year because of rise in diesel cost and a large number of pending projects.During the 12th Five Year Plan (2012-17), Railways plans to invest Rs 5 trillion in capacity addition.
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Chennai metro rail seen by April 2014
The Chennai Metro Rail service may commence operÂation between the Koyambedu-St Thomas Mount stretch by March-end or early April 2014. By the end of November 2013, Chennai Metro Rail (CMRL) plans to test run a full-length four-car metro train with a functional signal system. By late August or early September, CMRL plans to put on trial the front car comprising the engine on the elevated corridor.
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Kochi metro SPV
In order to facilitate coordinated planning and implementation of the city's transportation network, Kochi Metro Rail (KMRL) plans to set up a special purpose vehicle (SPV). The SPV, which would be set up under the aegis of the Unified Metropolitan Authority, would focus on the development of Kochi city's waterways, which will be integrated with the proposed metro rail system.
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SER's freight load up
During the April-December 2012-13, freight loading by South Eastern Railway (SER) rose 4.56 per cent to 92.16 million tonne (mn t) as against 88.14 mn t during the year-ago period. Till December 2012, the performance of SER surpassed the target laid down by Railway Board. The division loaded 5.75 mn t more than the Railway Board target, an increase of 6.65 per cent.
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DMRC clears mono rail DPR
Delhi Metro Rail Corporation (DMRC) has reviewed and approved the Detailed Project Report (DPR) for the first monorail corridor from Shastri Park Metro Station to Trilokpuri in Delhi.
DMRC would implement the 11-km corridor in east Delhi and this would be integrated with three different lines of the existing Metro network. The Rs 2,235 crore corridor, which is expected to be completed by 2017, will have 12 stations and work on the project would start in the next couple of months.
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Akurdi station subway in Maha to be completed soon
The Pimpri Chinchwad New Township Development Authority (PCNTDA) has resumed construction of the subway near Akurdi railway station and the work is expected to be completed by February 15.
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Till December, freight loading of SER rose 4.56%
During the April -December 2012-13, freight loading by South Eastern Railway (SER) rose 4.56 percent to 92.16 million tonne (mn t) as against 88.14 mn t during the year-ago period. Till December 2012, the performance of SER surpassed the target laid down by Railway Board. The divis
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Kochi metro rail project to be executed by DMRC
Union urban development minister Kamal Nath informed media persons that Delhi Metro Rail Corporation (DMRC) would have the full responsibility of executing the Kochi metro rail project, including inviting global tender and technical support. This was decided at the high-level meeting of key officials from DMRC, Kochi Metro Rail, Kerala gove