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S.ravi
Advanced Member
India
4205 Posts |
 Posted - 10/27/2009 : 06:55:55
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Japan commits Yen 2,606 million for Dedicated Freight Corridor Project (Phase-I)
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11:59 IST
Government of Japan has committed an amount of Yen 2,606 million (Rs.130 crores at current exchange rate) for the Engineering Services Loan under Dedicated Freight Corridor Project (Phase-I). The objective of the project is to cope with the increase of freight transport demand in India by constructing new dedicated freight railway system, thereby promoting comprehensive regional economic development along the freight corridor, through improvement and modernization of inter-modal logistic system handling considerable freight. The Notes to this effect were exchanged between Shri Kumar Sanjay Krishna, Joint Secretary, Ministry of Finance and Mr. Hideaki Domichi, Ambassador of Japan to India, here today.
India and Japan have had a long and fruitful history of bilateral development cooperation since 1958. In the last few years relations between India and Japan have steadily progressed based on India-Japan Global Partnership. The visits of the Indian Prime Minister to Japan in 2006 and 2008 and the visit of Japanese Prime Minister to India in 2007 have further strengthened the India-Japan Global Partnership by adding greater substance to the bilateral relations based on India-Japan Global Partnership.
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S.ravi
Advanced Member
India
4205 Posts |
Posted - 11/06/2009 : 08:58:24
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Fri, Nov 6 01:10 PM
http://in.news.yahoo.com/32/20091106/1053/tnl-dedicated-freight-corridor-project-f_1.html
New Delhi, Nov. 5 -- After three years on the drawing board, the costliest project ever planned by the Indian Railways is finally getting a move on.
Global bids for designing a section of the proposed dedicated freight corridor (DFC) were floated last week. Signalling, electrical and civil works have also been initiated.
"Things are now moving", said a senior official of the Dedicated Freight Corridor Corporation of India, refusing to be identified as he is not authorised to speak to the media. In 2006, the railways announced plans to build two dedicated tracks along India's eastern and western flanks for faster movement of goods.
Containers from ports are to be moved on double stack containers on the 1,469-km long western DFC, connecting Mumbai to Delhi. The 1,280-km eastern corridor will link Punjab's industrial town of Ludhiana to Dankuni in West Bengal, facilitating movement of coal and iron ore to power plants.
The railways annually carry 833 gross million tonnes (GMT) freight. The traffic is estimated to multiply by 2020-21.
The corridors will increase the capacity to 5,800 GMT, and subsequently 15,000 GMT. "Of every rupee earned by the railways, 64 paise come from freight. The DFC is critical to its future needs," a senior ministry official said.
In the last three years, the project cost has climbed from Rs 28.1 billion (Rs 28,181 crore) to Rs 42 billion (Rs 42, 000 crore). Loan agreements haven't been signed.
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DFC-dedicated freight corridor
