Railway Minister woos private players for rail projects

Highlighting tremendous scope for private investments in rail projects, Railway Minister Mr. Pawan Kumar Bansal Thursday invited private companies to partake in such ventures including the Dedicated Freight Corridor (DFC).

Advocating the require to de-clog the road network in the country, the Union Minister insisted transporting bulk goods through rail instead of roadways as it would be charge effective and environment friendly.

Mr. Bansal said, “The 570 kilometer (km) long corridor from Sonnagar to Dankuni in the Eastern DFC will be executed through Public Private Partnership (PPP) route.”

The Eastern and Western corridors of DFC are being constructed covering a length of 3,328 km way for exclusive cargo movement in the country.

“The DFC project has to be finished by 2018 which is an uphill task. There is a tangible progress as 87% land has been acquired. It would price about INR 95,000 crore including land acquisition price,” Mr. Bansal said.

“We require DFC as it is for the growth of our economy. In order to meet the growth we want to encourage private participation,” he said.

Comparing with the road transportation, Mr. Bansal said “one freight with 59 wagons and 1 electric engine of 5,000 Horsepower to 6,000 Horsepower would carry 4,600 tonnes while 400 trucks of every of having 150 Horsepower carrying 10 tonnes are necessary to carry the similar load.”

The movement of freights on rail is 6 to 10 times more efficient as compared to its impact on environment, long queues at toll plazas, the time factor and the additional price involved on roads, Mr. Bansal said.