Railways is embarking on public private model joint venture partnership to produce 1,000 units each of diesel and electric locomotives over 10 years to enhance their rolling stock, according to a Railway Board member.
Aiming at consolidating its foothold in the logistics sector, cash-rich Container Corporation of India (Concor) would invest about Rs 4,000 crore in the next five years for acquisition of rolling stock, creation of asset and setting up of steel hubs, hitherto non-existent in the country.
ROLLING STOCK: The railways have deployed their investible surplus of nearly Rs 70,000 crore earned between 2004-05 and 2008-09 to increase rolling stock productivity.
The railways are planning to form an umbrella special purpose vehicle (SPV) for production of diesel locomotives, electric locomotives, wagons, coaches and wheels. The SPV would, in turn, set up four
Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the government should revisit the issue of setting up an independent rail tariff authority.
Railways spent a meagre one paise of each rupee earned by it during 2002-03 on development and another two paise on special railway safety fund as bulk of the income of the world's largest network was
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