OUT LOOK ON RAILWAYS-SECTOR
Overview: - Indian Railways has grown manifold since its inception in 1853. Today, it is a departmental commercial undertaking of the GoI under the overall control of the Railway Board.
During 2018-19, railways capital expenditure of 1,48,528 crore is earmarked for 18,000 km of doubling, third- and fourth-line works, 5,000 km of gauge conversion, 3,600 km of track renewals and rolling stock programmed for 12,000 wagons, 5,160 coaches, and 700 locomotives.
World’s 3rd largest rail network
Indian Railways has 12,617 passenger trains carrying over 23 million passengers daily. On the commercial front, freight traffic of Indian Railways increased to 1,221 39 million tonnes in FY 19 As of May 2019. Freight traffic in FY 20 (provisional) increased 3.04 per cent year on year to 205.43 million tonnes.
Recent Updates:
- Private sector companies are being encouraged to participate in rail projects, which were largely in the public domain. The Cabinet approved ‘participative models for rail connectivity and capacity augmented projects’, which allows private ownership of some railway lines.
- Launch of Foreign Rail Technology Cooperation Scheme along with revamping of PPP for better results
- The Delhi Lucknow Tejas Express becomes the first train to be operated by private players
- India to build its first railway station inside a tunnel at a height of 3,000 meters and length of 27 km on Bilaspur Manali Leh line in Himachal Pradesh
- Under the Union Budget 2019-20, the Government of India allocated the Ministry of Railways Rs 94 071 crores (US 14.11 billion)
- Indian Railways is targeting to triple freight traffic from the current 1.1 billion tonnes* in 2017 to 3 3 billion tonnes by 2030
- Indian Railways has planned completion of electrification in next 4-5 years, which will lead to energy savings worth Rs. 10, 000 crores (US 1 55 billion) In July 2019 longest electrified tunnel built between Cherlopalli and Rapuru stations
Source: - IBEF
News Updates
- BEML bags Rs. 729 cr orders from Delhi Metro:- BEML Limited, a Bengaluru-based public sector undertaking, has bagged Rs. 729 crore Rolling Stock orders from Delhi Metro Rail Corporation Limited (DMRC).
- In a bid to boost ridership, Chennai Metro Rail is planning to give a 50% fare discount on Sundays.
- Exclusive Interview of Railway Board Chairman Shri Vinod Kumar Yadav:- Why is the Indian railways planning to bring in private trains?.. https://www.metrorailnews.in/exclusive-interview-of-railway-board-chairman-shri-vinod-kumar-yadav/
- ITD Cementation bags Rs. 1549 cr contract from BMRCL for Design & Construction of Underground structures (Tunnels & Stations) of length 4.591 Km (approx.) of Banglore Metro rail Project Phase-2, Reach 6
- Work on Metro rail project in Kanpur and Agra to start soon:- The EIB (European Investment Bank) will invest in both metro projects. The estimated cost of the Kanpur metro rail project is about Rs 17,000 crore. The Agra Metro Rail Project would cost about Rs 12,900 crore. After finalizing the DPR of both metro projects, tenders for civil work have also been floated
Source: metrorailnews, railanalysis
Growth patterns and trends
- Estimation of Rail Infra investment envisaged at 50 Lakh crore from 2018 to 2030
- IR Capex for the year 2019-20 INR 1,60,176 crore ..20% higher YOY
- Ramp up of coach production from 6000 nos. p.a to 8000 nos. p.a.
- Govt. encourages more PPP model in Rail Sector
- Govt. Special focus on Railway stations modernisation in 2019-2020
- Focus on Suburban Railway system through SPV- RRTS for Delhi-Meerut corridor
- Mumbai –Ahmedabad High Speed Rail .. Completion aimed by 2023
- Tunnel projects -Udhampur to Banihal in J&K…Konkan Railway/IRCON
- DFCC.. Eastern and western Freight Corridors completion aimed by 2021 in phases.
- Electrification of Broad Gauge networks .. 7000 route kilometers targeted in 2019-20.
- Metro projects - BMRC Ph-2, DMRC Ph IV, UMRC-Agra & Kanpur, MMRC ,RVNL-KMRC, CMRC-ph-2
