Business Standard
Tuesday, Nov 24, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios II
  Search:

Infra push on slippery track
BS Reporter / New Delhi July 04, 2009, 0:25 IST

Outlay on setting up new lines, gauge conversion down by 11.55 per cent.

 
 
Related Stories
News Now
-Mamata plans grand schemes on a shaky track
-Falls short of taking bold measures
-Slowdown shadow on return to high growth
-More trains, but confusion in skies
-Fares firm, freebies galore
-Revised freight targets achievable

The railways’ outlay for the current financial year on building infrastructure, including setting up new lines, gauge conversion and doubling of tracks, has come down by 11.55 per cent. The railway ministry would spend over Rs 6,881 crore during the current fiscal to augment and enhance rail infrastructure, compared to the revised estimates of Rs 7,779 crore it spent in the previous fiscal.

The ministry has set a target of adding 250 km of new lines during 2009-10 with an outlay of Rs 2,921 crore to enhance connectivity along various routes. An outlay of Rs 2,054 crore has been budgeted for gauge conversion of about 1,300 km of lines, while Rs 1,906 crore has been provided for doubling 700 km of lines.

To accelerate social development, the railway ministry will set up an expert committee to seek advices on innovative financing and implementation of the so-called “economically unviable” but socially desired projects.

“These projects may be economically unviable but are an economic necessity for the people of those regions who have remained victims of backwardness and poverty,” Railway Minister Mamata Banerjee said while presenting the Railway Budget 2009-10. “It would be our endeavour to render all commercial services with a human face,” she added.

It proposes to set up a 1,000-Mw power plant at Adra (West Bengal) to avail electricity supply at economical tariff.

“This project is of great importance as it would be located in an under-developed tribal area, and will help in providing employment and bringing the tribal people in to the mainstream,” she said.

The railways are setting up a 1,000 Mw coal-based power plant at Nabinagar in Bihar with public sector NTPC Ltd.

The railways would also set up a new coach factory at the Kanchrapara-Halisahar Railway Complex in West Bengal with a capacity to manufacture about 500 EMU/MEMUs and metro coaches through a joint venture or public-private partnership.

The ministry is also undertaking a pre-feasibility study for the Mumbai Elevated Rail Corridor between Churchgate and Virar. Banerjee also announced a feasibility study for introducing an energy-efficient rail-based system to provide connectivity to existing suburban systems like circular railway and EMU services. An effort to decongest the Howrah station would be undertaken by shifting suburban services to Saltgola.

Surveys for new lines connecting Gangtok and Shillong have been completed and further steps would be taken. A proposal for setting up the Northeast Region Rail Development Fund has been initiated to ensure timely completion of various projects in the north-eastern region.

The Quazigund-Anantnag rail line in Jammu and Kashmir will be completed by August 2009. Banerjee said work on the project has suffered a setback due to difficulties in the line from Udhampur to Katra and Katra to Quazigund.

Arrow Other Stories     
- Sensex ends up 130pts
- FII-TO-FII: Union Bank traded at 3% premium
- Bihar govt issues legal notice to RIL
- No word from Tata on Singur land compensation: govt
- Insurance sector to see 10% growth in 5-6 year: IRDA
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
MUKESH
INSTED OF EVERY YEAR NEW PLANS ONCE IT MUST BE SEEN THAT ALL OLD COMITMENTS AER FULLFILLED OR TI IS A BUNCH WEST PAPER,LYING UNDRR TABEL.
Reply
Most Popular
Read
E-Mailed
Commented
   
- Infosys BPO chief quits; to join HDFC Standard Life
- Mittal plans 6 mt plant in Karnataka
- Search for Tejas engine nears its end
- Kurbaan could be Karan Johar's first flop
- Tea with BS: Amitabh Bachchan
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should educational institutions be allowed to approach the capital market?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback