Higher capital expenditure outlay for the railways (increased by 11.8 per cent from 2017v18 and 22.1 per cent from 2017v18) at Rs 1.46 lakh crore to support infrastructure projects. Of this, the budgetary allocation from the government stands at Rs 53,060 crore (up from Rs 40,000 crore in 2017v18, and marginally lower than 2017v18).
Tag: Tilak Raj Seth
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Siemens electrify Gujarat Metro Link Express
In a massive infrastructure boost to Gujarat, the Indian mass-transit operator Metro Link Express for Gandhinagar and Ahmedabad (MEGA) Company Limited has awarded an order of approximately Rs 579 crore to the consortium of Siemens Limited India and Siemens AG, Germany for electrification of the 39.2-kilometer Metro Express Link in Ahmedabad.
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Railway projects are gathering pace
Tilak Raj Seth, Executive Vice President, Mobility, Siemens, feels implementation of PPP will provide a fillip to railway projects in India. However, given the size and rapid growth in the country's rail sector, availability of trained manpower will remain a primary challenge.
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Siemens bags Rs 319 crore order from Diesel Locomotive Works
German conglomerate Siemens Ltd has announced it has won a Rs 98 crore order from Diesel Locomotive Works (DLW) to supply and install 48 Alternating Current (AC) Traction systems for Indian Railways. The AC Traction systems will be produced at the Nashik factory of Siemens Limited, the company said in a statement.