financetom
Business
financetom
/
Business
/
Railways constitutes NITI Aayog-led secretary panel to privatise 150 trains, 50 stations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Railways constitutes NITI Aayog-led secretary panel to privatise 150 trains, 50 stations
Oct 10, 2019 10:15 AM

The ministry of Railways has constituted a panel of secretaries led by NITI Aayog CEO Amitabh Kant to oversee the entry of private operators for 150 trains and development of 50 railway stations as per global standards.

Other members of the panel will include Railway board Chairman, Economic Affairs secretary, Housing and urban affairs secretary and Railways financial commissioner. Member (Traffic) and Member (Engineering) of the Railway Board will be members for their respective projects.

The Empowered Group of Secretaries has been constituted two days after Kant wrote a letter to Railway Board Chairman Vinod Kumar Yadav about the dismal performance of railways in developing 400 railway stations as world-class facilities.

“Despite the fact that the aforesaid commitment was given for last several years, the actual implementation of the same has not happened except for a few isolated cases in which a few stations have been taken up through EPC (engineering, procurement and construction) Mode,” Kant had said in the letter dated October 07.

“It is requested that the matter may be considered suitable and necessary orders of the Railway Minister may be taken,” the letter had further added.

The panel of secretaries, whose tenure will be for a period of one year, will approve and monitor the bidding process. The panel will also take decisions to ensure the projects are awarded in a time-bound manner.

In order to set the backdrop for privatization drive, Railways has already planned several dedicated passenger corridors fit for 160 km per hour and freight corridors fit for 100 km per hour throughout the country with priority for high-traffic Delhi-Mumbai and Delhi-Howrah routes.

The speed up-gradation project has also been planned for golden quadrilateral and diagonal routes such as New Delhi-Chennai, Chennai-Howrah, Chennai-Mumbai, and Mumbai-Howrah. Three new dedicated freight corridors have also been planned on Delhi-Chennai, Howrah-Mumbai, and Kharagpur – Vijayawada.

First Published:Oct 10, 2019 7:15 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ACM Research Q3 Non-GAAP Earnings, Revenue Rise; Guidance Lifted -- Shares Jump Pre-Bell
ACM Research Q3 Non-GAAP Earnings, Revenue Rise; Guidance Lifted -- Shares Jump Pre-Bell
Nov 9, 2024
06:14 AM EST, 11/07/2024 (MT Newswires) -- ACM Research ( ACMR ) reported Q3 non-GAAP earnings Thursday of $0.63 per diluted share, up from $0.57 a year earlier. Three analysts polled by Capital IQ expected $0.37. Revenue for the quarter ended Sept. 30 was $204 million, up from $168.6 million a year earlier. Analysts surveyed by Capital IQ expected $193.4...
Amazon to invest $1.3 billion in Italy data centre business
Amazon to invest $1.3 billion in Italy data centre business
Nov 9, 2024
MILAN (Reuters) - Amazon's ( AMZN ) computing unit AWS on Thursday said it planned to invest 1.2 billion euros ($1.3 billion) in Italy over the next five years in a further expansion of its data centre business in the country. The plan was part of the tech giant's effort to boost its cloud offer in Europe under which AWS...
With Trump win, India open to freeing up market access for U.S. firms, sources say
With Trump win, India open to freeing up market access for U.S. firms, sources say
Nov 9, 2024
NEW DELHI (Reuters) - India is open to offering easier market access for U.S. firms if Washington reciprocates under President-elect Donald Trump, who has long called out New Delhi for its high tariffs, sources aware of the matter said. Trump, who made a stunning political comeback four years after being voted out of the White House, recently labelled India a...
Jazz Pharmaceuticals Q3 Non-GAAP Earnings, Revenue Increase; 2024 Non-GAAP Earnings Guidance Lifted
Jazz Pharmaceuticals Q3 Non-GAAP Earnings, Revenue Increase; 2024 Non-GAAP Earnings Guidance Lifted
Nov 9, 2024
05:39 AM EST, 11/07/2024 (MT Newswires) -- Jazz Pharmaceuticals ( JAZZ ) reported Q3 non-GAAP earnings late Wednesday of $6.61 per diluted share, up from $4.84 a year earlier. Analysts polled by Capital IQ expected $5.50. Revenue for the quarter ended Sept. 30 was $1.05 billion, up from $972.1 million a year earlier. Analysts surveyed by Capital IQ expected $1.04...
Copyright 2023-2025 - www.financetom.com All Rights Reserved