Union Economic Affairs Secretary Arvind Mayaram asked private firms to set up facility management companies in order to take over completed infrastructure projects. Speaking at a conference organised by Ficci, the secretary said the facility management companies must take over the operation and maintenance of completed proje
Tag: Railway
Post
Post
Plan panel clears Rs 5.48 tn outlay for railways in 12th plan
The Planning Commission approved an outlay of Rs 5.19 lakh crore for Indian Railways in the Twelfth Five Year Plan (2012-2017). It may be noted that the railway ministry proposed an outlay of Rs 5.48 lakh crore. This information was given by the Minister of State for Railways Adhir Ranjan Chowdhury in Rajya Sabha. The total outlay cleared by the commission includes
Post
Centre signs 3 MoUs with state govts for rail projects
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
Post
Ports in Andhra witness decline in ore cargo
The hike in export duty on iron ore, increase in railway freight rates for export cargo of ore and the ban on illegal ore mining affected exports of the raw material. Gangavaram Port exported only 271,000 tonne this year as against 2.1 million tonne last fiscal. Other ports in Andhra Pradesh Visakhapatnam and Kakinada deep water ports lost 30 per cent in iron ore cargo traffic during 2012-13. In 2011-12, Kakinada Port
Post
Work on eastern freight corridor project begins
Tata Projects started work construction work on the 337 km Bhaupur-Khurja stretch in UP, which forms part of the Rs 5,500 crore eastern dedicated rail freight corridor (EDRFC) project. The infrastructure arm of Tata Group expects to complete it by 2016 for trial runs. The commissioning would take place by
Post
Railways to boost coal mine connectivity with Rs 40 bn investment
As part of its initiative to boost railway connectivity, the railway ministry plans to spend about Rs 4,000 crore to upgrade rail connectivity to coal mines. The investment, once materialises, would boost fuel supplies to power projects. Many power projects are suffering insufficient coal supply because of lack of rail conn
Post
Karnataka govt seeks nod for 11 rail projects
In a letter to Railways Minister PK Bansal, Karnataka Chief Minister Jagadish Shettar requested approval for 11 new railway projects for the state. He informed the minister that the state government has already conveyed its willingness to provide land free of cost and share the cost of construction of the projects on a 50:50 basis. These projects include Tumkur-Kunigal-Maddur; Tiptur-Dudda; Gada
Post
Railways to attract Rs 50 bn pvt capital for port linking project
In the next five years, Indian Railways plans to improve rail connectivity to ports across the country by attracting private investment of around Rs 5,000 crore. The plan is expected to address bottlenecks in rail linkage to key ports in the country. In this regard, the railw
Post
Fimi wants uniform freight rates
Federation of Indian Mineral Industries (Fimi) wants the railways to charge uniform freight rates on iron ore. It is learnt that the the railways increased freight nine times between February 2010 and March 2012. Today, it is about four times the domestic freight for iron ore (Rs 2,600 a tonne
Post
Japan to announce more loan for corridor project
Japan Prime Minister Yoshihiko Noda informed that the country would announce the second round of loans under Overseas Development Assistance (ODA) for the second phase of the Dedicated Freight Corridor and a third infrastructural project in South India, reports suggest. Noda has reportedly informed this to Prime Minister Manmohan Singh when the two leaders met on the sideli