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Home arrow News arrow Govt. levys, taxes and budget arrow Indian Railways to invest INR 2.5 trillion for upgrading over the next 5 years
Indian Railways to invest INR 2.5 trillion for upgrading over the next 5 years Print E-mail
Written by Viswanath   
Thursday, 13 March 2008
The centre will invite private investment in upgrading rail infrastructure at a cost of INR 2.5 trillion over the next 5 years. Mr Lalu Prasad Yadav union railways minister, while presenting the Railway Budget 2008-09, said that out of the total investment, INR 1 trillion would be in public private partnership projects to upgrade facilities at railway stations, rail equipment manufacturing, multi modal logistics parks, running of container trains.

As part of a major effort to increase the procurement of wagons, the railway ministry plans to manufacture 20,000 wagons in 2008 as compared with 15,000 wagons, which is targeted to be manufactured in 2007-08. It has also targeted manufacturing of 250 diesel with INR 3,231 crore investment and 220 electric locomotives with INR 4,343 crore investments in 2008-09.

As part of its efforts to refurbish old wagons, a new wagon reconstruction unit at a cost of INR 40 crore has been proposed at Garkha in Chapra district for reconstruction of old wagons. A new rail coach factory will be set up in Kerala.

He said that India also plans to increase the rail capacity of about 20,000 kilometers of high density network, coal and iron ore routes and port networks over the next 7 years at a cost of INR 750 billion. Indian Railways, running more than 14,000 trains a day, also plans commercial use of its vast land across India to boost revenues.

Mr Yadav said that work will start in the next fiscal year on the eastern corridor from Ludhiana in Punjab to Dankuni in West Bengal and the western corridor linking Delhi to Mumbai port, being built at a cost of INR 282 billion.

Only 22.9 tonnes axle load stainless steel wagons will be manufactured from 2008-09 onwards. The newly designed stainless steel BCN wagon has a lower tare weight. Due to the shorter length of these wagons, instead of 40 wagons, the BCN wagon train will now accommodate 58 wagons, like BOXN wagon trains. Thus, the payload of the BCN trains will increase by 78% from 2300 tonnes to 4100 tonnes. Similarly, the payload of open wagon trains will increase by 22% to 4100 tonnes.

To realize the full potential of the newly designed high capacity wagons, 5000 open wagons will be upgraded to stainless steel body in 2008-09.

Important announcements in the 2008 railway budget : A new rail coach factory to be set up in Kerala. A new wagon re-construction unit to be set up at Garkha in Chapra District. Modernization and development of Jamalpur Workshop. Modernization of Lilluah workshop ,  Perambur loco workshop, Ajmer loco workshop. Railways to takeover Mokama and Muzaffarpur wagon factories. Public Private Partnership  schemes will be launched, attracting investment of Rs 1,00,000 cr over the next five years for developing world class stations, rolling stock manufacturing, multi modal logistics parks, running of container trains etc.

 
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