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Home arrow News arrow Railway arrow Indian Railways to invest approx Rs. 37,500 cr on infrastructure & assets
Indian Railways to invest approx Rs. 37,500 cr on infrastructure & assets Print E-mail
Friday, 19 December 2008
THE MOVE WILL GIVE FILLIP TO ECONOMIC ACTIVITY IN THE COUNTRY

New Delhi : Indian Railways have drawn up plans towards the increased upgradation of rail infrastructure and procurement of new assets of rolling stock during the current financial year with an estimated expenditure of Rs. 37,500 Crore (approx.) to shore up the infrastructural development and upkeep. The move will go a long way in boosting the Indian Economy as also provide strengthened rail infrastructure for carrying yet higher loads.

Over the past few years, Indian Railways has been marching in tune with the requirements of the national economy and it has bettered the targets it set for itself in the process. Indian Railways have emerged as one of the major movers of economy as its plan size in the year 2007-08 has gone upto Rs. 37,500 crore from a plan size of Rs. 10,177 crore in the year 2000-01 and it has shown tremendous financial performance by achieving a cash surplus of Rs. 25,000 crore in 2007-08 as against a meager cash surplus of Rs. 350 crore in 2000-01.

The strategy in current year includes massive track and sleeper renewal activity leading to increased steel consumption, production of more steel bridge girders, more production of passenger, EMU & MEMU Coaches, more production of diesel and electrical locos, more production of wheels & axles, development of model stations and world class stations, installation of modern and upgraded signaling system, increased route electrification and improvement in telecommunication work. While the massive investment by the Indian Railways will strengthen Railways, it will also kick start rapid economic activity and growth in different core sectors of Indian economy.

Indian Railways is also undertaking the construction of dedicated freight corridor, the biggest infrastructural development activity of Indian Railways since independence, towards which an amount of Rs. 400 crore is being spent in 2008-09 and Rs. 3000 crore have been earmarked for 2009-10.

Such massive growth, would in turn, fuel growth in other critical sectors of the economy specially steel and cement. In case of cement the consumption over Indian Railways is likely to increase to 11.41 lakh MT in current financial year as against 5.88 lakh MT in 2000-01 and a total consumption of cement over Indian Railways is likely to be 15.90 lakh MT in current year as compared to 7.75 lakh MT in 2000-01.

Some of the projects under execution are as follows:


• Indian Railways have set a high target of rail renewal over 2941kms which will require 3,39,288 MT of rail steel. The target of sleeper renewal over 2382 kms will require 38.59 lakhs pre-stressed concrete sleepers (approx.).

• A target of renewal of 44.5 lakhs of PSC sleepers has been fixed for open line works. This will require 88200 MT of steel.

• In addition, 5000 MT of steel is likely to be used towards the manufacture of steel channel sleepers to be used in railway bridges during the current financial year.

• During 2008-09, 5294 MT of steel bridge girders have already been produced up to the month of October 2008, and the total production in the financial year is likely to exceed that of 2007-08 i.e. 8615 MT of steel bridge girders.

• It has been decided by Indian Railways to manufacture 3000 coaches this year which is an increase of 12.5 % over the previous year.

• It is planned to acquire 2873 EMUs, 1091 MEMUs, 216 Kolkatta Metro Coaches and 3 - phase propulsion system for 200 motor coaches with an expected outlay of about Rs. 9200 Crore .

• Railway has planned to acquire sufficient number of wagons to meet the requirements of growing freight.

• Production of diesel locomotives and high horse power EMD Design Locomotives would be enhanced at the Diesel Locomotive Works, Varanasi. DLW has been able to produce 152 locomotives during the first seven months of the current fiscal as against 137 in the corresponding last year i.e. an increase of 10.9%.

• The production of wheels & axles is being increased by 60% in comparison to the last year which will also help in saving foreign exchange.

• Work is in progress for the development of 300 railway stations into model stations. Besides, Indian Railways have envisaged creation of 23 world class stations of which four are being taken up in first stage.

• Indian Railways are setting up a 1000 MW thermal power plant through a joint venture with NTPC at Nabi Nagar, Bihar with a total cost of Rs. 5352 Crore.

• Indian Railways are also seeking an allocation of a coal block of 300 MT which is proposed to be utilised for setting up a 2000 MW power plant.

• About Rs.300 Crore will be spent during the next three months for commissioning modern electronic signalling systems at about 400 stations, intermediate block signalling in about 200 block sections and 400 route kms of automatic block signalling. Rs.1800 Crore will be spent during the next year (2009-10) for the modernisation/ upgradation of signalling systems.

• Railway electrification target for the XIth Plan has been enhanced to 3500 Kms. Similarly, the electrification target for the current year has been increased from 700 Kms to 1000 Kms.

• The high density network of Indian Railways, including DC-AC conversion in Mumbai, is being strengthened for carry ing heavier trains and the requirement of fund for these works in 2009-10 is Rs.500 crore.

• Acquisition of electric locomotives has been enhanced from to 220 in 2008-09. Process is underway for acquiring 200 electric locomotives from BHEL at an approximate cost of Rs. 5.5 crore each.

• A factory is to be set up at Madhepura for manufacturing 100 electric locomotives per year through JV route. Bid process is presently underway.

• Indian Railways is seeking an outlay of Rs. 2800 crore towards undertaking telecommunication works till 2011-12. These telecommunication works include replacement of more than 10,000 route Kms. of overhead alignment in the optical fiber communication and Quad Cable network, provision of a very high capacity DWDM network, modernise the switching and networking structure and Mobile Train Radio Communication.

 
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