Thursday, December 25, 2008

Indian Railways to invest approximately Rs 37,500 crore

During the current financial year, Indian Railways have drawn up plans for the increased upgradation of rail infrastructure and procurement of new assets of rolling stock with an estimated expenditure of Rs. 37,500 Crore to shore up the infrastructural development and upkeep. This move will give a boost to the Indian Economy as well as provide strengthened rail infrastructure for carrying yet higher loads.

The strategy includes massive track and sleeper renewal activity leading to increased steel consumption, along with this production of more steel bridge girders, more production of passenger EMU & MEMU Coaches. In line with this, 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. Apart from this, the Indian Railways is also undertaking the construction of dedicated freight corridor, which is 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.

Some of the projects under execution are as follows:

o 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.).

o A target of renewal of 44.5 lakhs of PSC sleepers has been fixed for open line works.

o Indian Railways to manufacture 3000 coaches this year which is an increase of 12.5 % over the previous year.

o 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 .

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

o The production of diesel locomotives and high horse power EMD Design Locomotives would be enhanced at the Diesel Locomotive Works, Varanasi.

o 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.

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

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

o 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.

o 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.

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

o Indian Railways is seeking an outlay of Rs. 2800 crore towards undertaking telecommunication works till 2011-12. The scope of 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, modernize the switching and networking structure and Mobile Train Radio Communication.

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