In the newest initiative, the Indian Railways is all set to kick-start stalled rail projects entailing a whopping investment of Rs. 6.5 lakh-cr, said the concerned minister, adding that the sector's freight share cannot be increased without being market oriented and to achieve its targets, the railway has to start these infra projects lying in limbo for various reasons. Stating that he is working on to reverse the decades of underinvestment in the rail freight infra side, the Railways has undertaken as many as 104 reforms to make the sector investors friendly. Noting that more than two-thirds of the revenue comes from freight, of which 50% flow from coal, as such there is a dire need to diversify the freight basket and reduce the reliance on coal. Listing some of the reforms he has initiated on this front, the freight rates are also reduced on many items, and have also done away with port congestion and handling charges and the entire process will be back on track by 2020, he said.
📅Published on:
03 October 2016
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
