Southern Railways suggested industrialists in Coimbatore, Tamil Nadu to come together and set up a private freight terminal to move the goods manufactured or produced in this region to upcountry markets. Sujatha Jayaraj, the Divisional Railway Manager of Southern Railways – Salem Division said this during an interactive session with industrialists in Coimbatore
Tag: Railways
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Railways to woo pvt firms to set up terminals at ports
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.
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early completion of rail proj
Considering that the achievement of target by Coal India (CIL) in 2012-17 depends on the proposed three railway tracks, government plans to expedite the projects. In this regard, the Prime MinisterÂ’s Office urged the Railways to execute them within three years of the necessary clearances being obtained. These railway tracks will facilitate the evacuation of around 100 million tonne every year, starting 2015.
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Land dispute delays MUTP-II project
Maharashtra government and the Indian Railways are locked in an ownership dispute over a 20,000 sq m land in Bandra, Mumbai. The commercial exploitation of the land is necessary for the Rs 5,300-crore Mumbai Urban Transport Project-II (MUTP-II) project, which was sanctioned in 2008. The project was approved under the arrangement that nearl
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Railways revamps private freight terminal policy
After the tepid response to its private freight terminal (PFT) policy, the railways have revamped it. They’ve simplified the revenue sharing clause by delinking it from the wholesale price index.
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Logistics need operational push
The railways sector has more scope to grow than any other transport sector. With a current length of 71,000 km, its coverage is far below what it should be for both passenger and freight traffic.
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PMO to oversee DFC project to speed up work
The Prime Minister’s Office (PMO) will henceforth directly monitor the progress of the construction of the Dedicated FreÂight Corridor (DFC), virtually taking the job away from the Railways.Prime Minister Manmohan Singh held a meeting in February to take stock of the proÂgress, apparently dissatisfied with the role of the Railways which was primarily to monitor the progress of the job, the execution of which had been handed over to the Dedicated Freight Corridor Corporation of India (DFCCIL).
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Railways plans new investment policy
Railways plans to go with build, operate and transfer (BOT) model as part of a new investment policy to attract priÂvate participation in rail conÂÂneÂctivity and capacity augÂmeÂntation projects.
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Japan to invest in road, maritime sectors
After investing in the railways and metro rail transportation in India, Japan is looking to step up its investments in roads and maritime sectors. A Japanese delegation led by Takeshi Maeda, Japanese Minister for Land, Infrastructure,
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IRFC bond issue
In order to fund the acquisition of rolling stock and financing capacity enhancement, Indian Railway Finance Corporation (IRFC) expects to raise Rs 6,300 crore from its ongoing tax-free bond issue.