A News Center Of Railway News By Information Center

Apr 23, 2014

Railways seeks Experts’ help to prevent train fire

नयी दिल्ली New Delhi: Giving top priority to prevent fire incidents in trains, Indian Railways has sought latest fire protection technology from foreign experts, including rail operators in Europe, Japan and Australia.

In a first-of-its-kind exercise, the railways will reach out to experts in nine countries in a two-day global conference beginning from April 24 to seek solutions to reduce fire cases in trains and make travel safer.

Experts from Italy, Germany, Australia, the UK, Japan, France, Belgium, Austria and Poland will participate in the conference on “Emerging Fire Protection Technologies for Rolling Stock”, said a senior Railway Ministry official involved with fire prevention exercise.

Indian Railways has identified fire as one of the causes of accidents and it has started using fire-retardant furnishing materials, fire extinguishers and has also conducted trials with smoke and fire detection systems.

“We have made efforts to spread safety awareness by using fire posters and conducting training for onboard staff. Provision of emergency exit windows, modification of fuse boxes and conducting of internal safety audits are other endeavors in this area,” said the official.

The official further said as safety is the highest priority for railways it has been decided to address this issue in a focused manner through this international conference to stay abreast with the world.
Source-Rail News

IRCON Signs MoU with Transparency International India

नयी दिल्ली New Delhi: IRCON International Limited, a Public Sector Undertaking under the Ministry of Railways, signed an Memorandum of Understanding (MoU) with Transparency International India (TII) for implementing Integrity Pact, here today. This MOU is aimed at maintaining complete transparency, integrity and accountability in all its major contracts and procurement. The MoU was signed by Shri Mohan Tiwari, CMD, IRCON, and Dr. S.K. Agarwal, Chairman, TII in the presence of senior officers of IRCON and TII.

Speaking on the occasion, Shri Agarwal said that the Integrity Pact will not only ensure efficiency, but it also helps in building public trust and enhances the credibility of the organisation. So far, 47 PSUs have signed the Pact, he informed.

Integrity Pact is a tool conceived by the Berlin-based Transparency International to fight corruption in public procurement through a voluntary agreement between a buyer and the prospective vendors/bidders, refraining both sides to exercise any corrupt influence on any aspect of the contract.

In his address, Shri Tiwari said that the company has been voluntarily adopting all the Corporate Governance measures in its endeavour for transparency in public procurement, and implementing Integrity Pact is another step in this direction.
Source-Rail News

Indo-Bangla rail project after polls

अगरतला Agartala (AGTL): Aiming to push the Indo-Bangla rail network, the Northeast Frontier Railway would request the state government to start land acquisition for the 15-km proposed project, sources in the NFR said here.

To inspect the progress of rail projects in Tripura, General Manager (Construction) of NFR RK Singh, accompanied by other NFR officials visited Nishchantpur, a border village in Sepahijala district on Monday.

After the inspection, he instructed the local NFR officials to keep in touch with the state government authority so that land acquisition could be expedited.

In course of Singh’s visit, it appeared that the ground alignment between Agartala rail station and Nishchantpur is uneven. Levelling of the uneven portion is required to make laying of track a smooth affair. It was not decided from where the huge quantity of mud required for the purpose, would be brought. Sources said land acquisition in the Bangladesh side – around 10 km – was completed in December last year.

“The Sepahijala district administration will undertake the land acquisition process after the Lok Sabha election,” said state Transport Secretary Kishore Ambuly here today.
Source-Rail News

SWR Launches ‘Advanced Pension Payment System’ for railway employees

हुब्बीली Hubli (UBL): The Advanced Railway Pension Access Network (APRAN) for the retired employees was formally launched here on Monday by Financial Advisor and Chief Accounts Officer (FA&CAO), South Western Railway B. Pandey.

Announcing the launch at a formal training programme held at Controller of Stores Office Conference Hall at Zonal Headquarters Office, Mr. Pandey said that APRAN would help pensioners in getting the correct pension in time. He said that the new facility would also enable the retired employees in getting prompt revision of pension.


Mr. Pandey said that APRAN would be implemented in South Western Railway duly integrating it with other railway zones from the month of September. Deputy Financial Advisor and Chief Accounts Officer (General) of SWR Bala Ganesh also spoke on the occasion about the features of the new facility.

Around 50 trainees from South Western Railway and Rail Wheel Factory (RWF), Yelahanka participated in the Training Programme on APRAN held in Hubli.
APRAN will help people get pension in time
Facility to enable employees in getting prompt revision of pension
Source-Rail News

Book on Forecasts & Analysis on Railways released

Railways Ops Management, Intelligent Signaling, Traffic Analytics, Telemetry, Asset Management, Control Systems, Maintenance, SI & Cloud Solutions

By: marketsandmarkets
Publishing Date: April 2014
Report Code: TC 2357

The global rail industry struggles to meet increasing demand for freight and passenger transportation due to lack of optimized use of rail network and inefficient use of rail assets. The demand for safe, fast, and reliable rail services continues to be the reason of concern for all the countries across the globe. Lack of operational efficiency and reliability, safety and security issues, and aging railway systems and practices are haunting various countries to bring about a change in their existing rail infrastructure. The present advancements in the global railway management system market have accelerated the progression toward the adoption of automated technology for efficient management of railway network and infrastructure. Increased rail traffic on inadequate railroad infrastructures causes costly delays, and attempts to deal with these delays reveal widespread inefficiencies in the administration. Such transportation delays become the main factor for inflating the cost of production, inventory management irregularities, and greater financial losses to the overall country.

The railway management system report provides an in-depth analysis of the latest technological adoptions in the field of railway transportation. The report consists of the opportunity analysis of various types of solutions and systems such as rail operation management, rail traffic management, rail assets management, rail control systems, and rail maintenance management solutions. The report gives the market sizes for passenger and freight management, revenue management, and resource management systems. The research report analyzes global adoption trends, future growth potential, key drivers, competitive outlook, restraints, opportunities, rail transportation ecosystem, and best practices in the railway management system market.

This report speaks about the expected market revenue for the various solutions and systems involved in rail infrastructure. It also highlights the revenue potential of the various professional services, system integration services, and cloud hosting services offered by railway solution vendors. The report includes the key market drivers, the current global trends adopted for highly developed railway management, market size of the industry, and the forecasting of the upcoming technological innovations. The report further analyzes the future potential growth in the railway management system market, the competitive analysis of the major market players, the opportunities prevailing before the railway management, and the best market practices.

The railway management system market research report highlights the market potential across different regions such as North America (NA), Asia-Pacific (APAC), Europe, Latin America (LA), and Middle East and Africa (MEA). The report further presents the regional opportunity plot analysis along with the expected market size and forecast analysis for various sub-segments of market. The major technology solutions and services providers profiled in the report include ABB, Alstom, Ansaldo, Bombardier Transportation, GE Transportation, Hitachi, IBM, IndraSistemas, and Siemens AG.

Markets Covered
The railway management system market is segmented into the following sub-segments:

On the basis of systems and solutions:
Rail operations management systems
Rail traffic management systems
Rail assets management systems<
Rail control management systems
Rail maintenance management systems

On the basis of services:
Professional services
System integration services
Cloud hosting services

On the basis of regions:
North America (NA)
Asia-Pacific (APAC)
Middle-East and Africa (MEA)
Latin America (LA)

Table Of Contents 

1 Introduction (Page No. – 19)
1.1 Key Take-Aways
1.2 Report Description
1.3 Stakeholders
1.4 Research Methodology
1.4.1 Primary And Secondary Research
1.4.2 Key Data Points
1.4.3 Data Triangulation And Market Forecasting
1.5 Forecast Assumptions

2 Executive Summary (Page No. – 27)
2.1 Abstract
2.2 Overall Market Size

3 Market Overview (Page No. – 32)
3.1 Market Segmentation
3.2 Market Evolution
3.3 Industry Trends
3.4 Market Dynamics
3.4.1 Drivers Emergence Of Advanced Technologies Economic And Demographic Growth Infrastructure Saturation Growing Demand And Ecological Sustainability
3.4.2 Restraints Operational Compatibility Congestion And Capacity Tolerance Safety Compliances Limited Project Funding And Slow Growth Of Infrastructure
3.4.3 Opportunities Railway Infrastructure Development Cloud And Big Data Adoption
3.4.4 Time Impact Analysis Of Market D.R.O.S
3.5 Railway Industry Architecture

4 Railway Management System: Market Size And Forecast By Systems And Solutions (Page No. – 46)
4.1 Introduction
4.2 Rail Operations Management Systems
4.2.1 Overview
4.2.2 Market Size And Forecast Real-Time Passenger Management Solutions Overview Market Size And Forecast Freight Management Solutions Overview Market Size And Forecast Revenue Management Solutions Overview Market Size And Forecast Ticketing Management Solutions Overview Market Size And Forecast Workforce Management Solutions Overview Market Size And Forecast Rail Automation Management Solutions Overview Market Size And Forecast
4.3 Rail Traffic Management Systems
4.3.1 Overview
4.3.2 Market Size And Forecast Intelligent Signaling Systems Overview Market Size And Forecast Real-Time Train Planning And Route Scheduling Solutions Overview Market Size And Forecast Centralized Traffic Control Solutions Overview Market Size And Forecast Traffic Analytics Overview Market Size And Forecast
4.4 Rail Asset Management Systems
4.4.1 Overview
4.4.2 Market Size And Forecast Train Information Systems Overview Market Size And Forecast Track Monitoring Solutions Overview Market Size And Forecast Asset Performance Analytics Overview Market Size And Forecast
4.5 Rail Control Systems
4.5.1 Overview
4.5.2 Market Size And Forecast Positive Train Control (PTC) Solutions Overview Market Size And Forecast Communications-Based Train Control (CBTC) Solutions Overview Market Size And Forecast Integrated Control System Solutions Overview Market Size And Forecast
4.6 Rail Maintenance Management Systems
4.6.1 Overview
4.6.2 Market Size And Forecast Vehicle Maintenance Scheduling Solutions Overview Market Size And Forecast Predictive Analytics For Maintenance Management Overview Market Size And Forecast

5 Railway Management System: Market Size And Forecast By Services (Page No. – 85)
5.1 Introduction
5.2 Professional Services
5.2.1 Overview
5.2.2 Market Size And Forecast
5.3 System Integration Services
5.3.1 Overview
5.3.2 Market Size And Forecast
5.4 Cloud Hosting Services
5.4.1 Overview
5.4.2 Market Size And Forecast

6 Railway Management System: Recent And Ongoing Projects (Page No. – 95)
6.1 Shift²Rail
6.1.1 Overview
6.2 Next Generation Of Train Control Systems (NGTC)
6.2.1 Overview
6.3 Merlin
6.3.1 Overview
6.4 Augmented Usage Of Track By Optimization Of Maintenance, Allocation And Inspection Of Railway Networks (Automain)
6.4.1 Overview
6.5 Sustrail
6.5.1 Overview
6.6 Secur-Ed
6.6.1 Overview
6.7 Predictive Maintenance Employing Non-Intrusive Inspection And Data Analysis (Pm’n’id EA)
6.7.1 Overview
6.8 European Rail Traffic Management System (ERTMS)
6.8.1 Overview
6.9 Gauteng Signaling Project
6.9.1 Overview

7 Railway Management System: Market Size And Forecast By Regions (Page No. – 105)
7.1 Introduction
7.1.1 Parfait Charts
7.1.2 Regional Market Lifecycle
7.2 North America (NA)
7.2.1 Overview
7.2.2 Government’s Push For Railway Industry
7.2.3 Market Size And Forecast By Solutions
7.2.4 Market Size And Forecast By Services
7.3 Europe
7.3.1 Overview
7.3.2 Government’s Push For Railway Industry
7.3.3 Market Size And Forecast By Solutions
7.3.4 Market Size And Forecast By Services
7.4 Asia-Pacific (APAC)
7.4.1 Overview
7.4.2 Government’s Push For Railway Industry
7.4.3 Market Size And Forecast By Solutions
7.4.4 Market Size And Forecast By Services
7.5 Latin America (LA)
7.5.1 Overview
7.5.2 Government’s Push For Railway Industry
7.5.3 Market Size And Forecast By Solutions
7.5.4 Market Size And Forecast By Services
7.6 Middle East And Africa (MEA)
7.6.1 Overview
7.6.2 Government’s Push For Railway Industry
7.6.3 Market Size And Forecast By Solutions
7.6.4 Market Size And Forecast By Services

8 Railway Management System: Market Landscape (Page No. – 143)
8.1 Competitive Landscape
8.1.1 Ecosystem And Roles
8.1.2 Portfolio Comparison
8.2 Macro Factor Analysis

9 Company Profiles (Page No. – 148)
9.1 ABB LTD.
9.1.1 Overview
9.1.2 Products & Services
9.1.3 Strategies & Insights
9.1.4 Developments
9.1.5 MNM View
9.2 Alstom SA
9.2.1 Overview
9.2.2 Products & Services
9.2.3 Strategies & Insights
9.2.4 Developments
9.2.5 MNM View
9.3 Ansaldo STS
9.3.1 Overview
9.3.2 Products & Services
9.3.3 Strategies & Insights
9.3.4 Developments
9.3.5 MNM View
9.4 Bombardier INC.
9.4.1 Overview
9.4.2 Products & Services
9.4.3 Strategies & Insights
9.4.4 Developments
9.4.5 MNM View
9.5 Computer Sciences Corporation
9.5.1 Overview
9.5.2 Products & Services
9.5.3 Strategies & Insights
9.5.4 Developments
9.5.5 MNM View
9.6 GE Transportation
9.6.1 Overview
9.6.2 Products & Services
9.6.3 Strategies & Insights
9.6.4 Developments
9.6.5 MNM View
9.7 Hitachi, LTD.
9.7.1 Overview
9.7.2 Products & Services
9.7.3 Strategies & Insights
9.7.4 Developments
9.7.5 MNM View
9.8 IBM Corporation
9.8.1 Overview
9.8.2 Products & Services
9.8.3 Strategies & Insights
9.8.4 Developments
9.8.5 MNM View
9.9 Indra Sistemas, S.A.
9.9.1 Overview
9.9.2 Products & Services
9.9.3 Strategies & Insights
9.9.4 Developments
9.9.5 MNM View
9.10 Siemens AG
9.10.1 Overview
9.10.2 Products & Services
9.10.3 Strategies & Insights
9.10.4 Developments
9.10.5 MNM View

Appendix (Page No. – 180)
Mergers & Acquisitions (M&A) Analysis


The growing economies in the world have made a greater impact upon the development and growth of the railway industry. The demand for railway service is climbing high due to the population growth. This growth in economy and population drives the demand for supply goods and travel. Thus, the main driver to the global rail industry is the economic and demographic growth. The technological advancements promise upgrades in the railway infrastructure. The railway industry holds a strategic impact upon the economy of a country. For the efficient management of the railways, a system with the help of the modern technology has become a necessity. The concept of railway management system is thus introduced as the solution and service for the present day management of the global railway industry. This tool with the help of the new age Information and Communication Technology (ICT) will be the genuine solution for its precise management and operations.

Railway management system market combines software systems, products, and solutions to make more intelligent use of all rail assets, from tracks to trains, so that the railway management authority can meet the increasing passenger demand for more efficient and safer services. Trends like regulation, sustainability, demographics (growing traffic and ageing population), economics (limited public funding and price sensitivity), mobility, and Information Technology (IT) innovations are creating an impact on the rail industry. As a result, every aspect of the railway industry value chain; right from passenger service to the back-end organization; is changing. The future rail industry is expected to rely upon smarter transportation systems that leverage technologies over larger rail network infrastructure. New technologies include integrated operations management, asset management, traffic management, maintenance management, and control systems and solutions, which are expected to help the rail management companies to manage optimal routes, schedules, and capacity in near real-time basis. With the increasing presence of smart technologies in the rail transportation, the associated solutions and services market will grow globally, at higher growth rates.

The railway management system market research report outlines the key trends and market sizing and forecasting for emerging technologies for the rail transportation sector. The report also emphasizes on key global-adoption trends, future growth potential sub-markets, key drivers, competitive outlook, restraints, opportunities, and ecosystem. Some of the potential and emerging technologies and solutions for this market include traffic analytics, asset performance analytics, and predictive analytics for maintenance management. The report gives an insight into the various global markets. It provides an overview of the rail industry markets in North America, Europe, Middle East and Africa, Asia Pacific, and Latin America. The report provides and analyses the industry facts and statistics of every geographic market to study the latest trends and future management practices. It provides an overview of the latest developments and strategies within the peer companies. The competitive analysis involves an entire business outlook of the top companies that operate in railway management systems market.

Railway management systems enhance the operational, maintenance, and traffic control effectiveness to survive the growing demand and expectations from the future. Such management solutions will catalyze a faster future growth and technological development of the existing railway industry. The future of railway industry is expected to rely on innovative management practices which will leverage the ICT over the large rail networks and conventional practices.

The railway management systems are expected to lead to an expanded rail ecosystem, asset optimization, new revenue model opportunities, and new ways to serve passengers. The market is estimated to grow from $19.58 billion in 2014 to $35.99 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period 2014-2019

Railway Management System: Market Size by Type, 2014-2019 ($Million)

Source: MarketsandMarkets Analysis

IRSE Probationers call on Mukherjee

नयी दिल्ली New Delhi: A group of 68 probationers of Indian Railway Service of Engineers (IRSE) of 2011 batch called on President Pranab Mukherjee at Rashtrapati Bhavan on Tuesday.

Addressing the probationers, Mukherjee congratulated them on their success in a very difficult examination.

He said civil engineers have to play a major role not only in maintaining and upgrading the Indian Railways but also taking it to new heights of one of the largest railway networks in the world.

The president said few institutions and organizations could be described as truly pan Indian like the Indian Railways.

“Everyday millions of passengers speaking different languages, consuming different types of food, wearing different types of dresses and believing in diverse religions use one common vehicle for transportation. They lose their individual identities and assume one common identity as passengers of the Indian Railways. The Indian Railways thus plays a major role as an integrator and unifier of this great country,” he said.

The IRSE probationers are presently undergoing training at the Indian Railways Institute of Civil Engineering in Pune.
Source-Rail News

Delhi Metro gets Key Approvals – Govt clears extension of Network

नयी दिल्ली New Delhi: Delhi Metro Rail Corporation (DMRC) has received formal approval from the Delhi government for the extension of Metro network from YMCA Chowk to Ballabhgarh in Faridabad (Violet Line), Noida City Centre to Noida Sector 62 (Blue Line) and Dilshad Garden to Ghaziabad (Red Line), sources said.

While the approval for Dilshad Garden-Ghaziabad extension was received about a month ago, the approvals for the other two stretches were received about two weeks ago after a nod from the L-G, the sources said.

According to sources, work on the stretches couldn’t begin before because the previous government was “not very enthusiastic about the projects, citing strain on the resources of DMRC and subsequent deterioration of work quality in Delhi itself”.

“Previously, the government nominees on the DMRC board were not keen on approving the project. They said the government was not willing. So, the projects were stuck all along. But now that things have come around, the DMRC board will give its final approval,” a source said.

According to DMRC officials, approvals from the Haryana and the Uttar Pradesh governments for the respective stretches have already been obtained from the relevant authorities, and that the only thing pending was a nod from the Delhi government itself.

Meanwhile, the opening of the Mandi House-Central Secretariat stretch is still on hold as DMRC awaits confirmation of dates from the Commissioner of Metro Railway Safety for inspection, DMRC officials say.
Source-Rail News

Govt needs to strengthen Indian Railways’ finances: Kernex

The new government needs to work upon the Indian railways very seriously as it is literally in a hand-to-mouth situation, says Colonel LV Raju, Managing Director, Kernex Microsystems . Kernex is engaged in the business of manufacturing, installing and maintaining of anti-collision systems as well as conceptualizing, designing, and developing certain railway safety and signal systems for Konkan Railways Corporation Ltd.

Raju says the railways needs a stable government to create better infra in the country and also to attract foreign direct investment (FDI) in the sector.

“Infra has to cope up with the economic growth. The new government has to concentrate on building a good road, rail network,” adds Raju. Raju further explains that capital needs to infused in railways by hiking rates, attracting FDI or by borrowing from the market.“Building a robust finance reserve is a must,” he adds. On the road ahead, Raju expects FY15 to be better for the company than the year gone by. Below is the verbatim transcript of the interview.

Q: Do you think a new decisive government can meaningfully change things on the ground and are you hopeful that something like that will happen over the next two-three years?

A: As far as Indian railways are concerned, it is a big network and one of the biggest in the world and we require a very stable government to create the infrastructure. We must be able to support the economic growth in the country in the form of rail network, broad network and ports and harbours. So, the infrastructure has to cope up with the expected economic growth. Therefore, with the new government coming in, they have to focus on railways. Railways is the biggest carrier of goods and passengers and therefore they have to concentrate on that. The economy basically depends on the movement of goods. Therefore, the government has to concentrate on good road networks and good railway network and ports and harbour. It is a big necessity for a new government, if they want good growth, they have to concentrate on Indian railways.

Q: While that point is taken, once there is a new government that comes on board, what is the first-to-do-list according to you that they should implement for railways?

A: Firstly, the railways have to stabilise their finances. Today the railways are literally hand-to-mouth. They have to build reserve finances through increasing the fares or borrowing from the market or from the foreign direct investment (FDI). In case they don’t have any funds, it will only be a hollow dream that we can create infrastructure. First thing is that they have to plan on the funds capital required to create that. Coming to the other micro infrastructure, we have dedicative freight corridors but they are behind schedule. We need to create bullet trains, intercity expresses. There are a lot of things to plan, especially replacement of tracks and the replacement of rolling stock, a lot of issues are there. For all this capital is required. They have to work on this.

Q: I was looking at your numbers last quarter, you had a good growth in your topline but there was very big pressure on the margins and the net profits slipped into a bit of a loss compared to profit, do you think that kind of trend is likely to continue?

A: We expect next year to do better because we have two projects in offing. We have the Egyptian railways abroad and in Indian railways, we have a couple of projects rolling out so we definitely expect to do very well in 2014-2015.

Q: You did speak about FDI being one important factor in railways. If in case a stable government does implement certain important key points which are required for the railways do you then think that FDI would still be necessary?

A: FDI is still necessary because one million lakh crore of money is required to modernize Indian railways. That much money will not be able to generate out of your revenues or the local borrowing or from the grants that the central government gives the FDI is a must. We must bring the FDI. But they also carry big baggage along with that. If the FDI comes abroad, the prices of freight fares, everything will go up automatically because after all when foreigners bring the money, they expect good margin to return, it has to be a win-win situation.

Q: What is your current order book that you are executing? Are you executing more orders in the export markets?

A: Yes, at present the Indian domestic market is not doing well. We have to go abroad and then export there. We are working with Egyptian railways and we are doing a pretty good job there. We had a bad time in the last one year due to political uncertainty in Egypt, now things have settled down and we are able to do a good job and we are doing pretty well and this year we expect to perform very well.

Domestically, we are developing product for Indian railways that is called Train Collision Avoidance System. It should be through by about October-November. We expect this project rolling out big way and we have a good market share expected.

Kernex Micro stock price

On April 22, 2014, Kernex Microsystems (India) closed at Rs 43.50, up Rs 1.90, or 4.57 percent. The 52-week high of the share was Rs 53.45 and the 52-week low was Rs 28.15. The latest book value of the company is Rs 104.09 per share. At current value, the price-to-book value of the company was 0.42. (Courtesy CNBC)
Source- Rail News

Railway shares picks-up steam on hopes of NDA government

मुंबई Mumbai: Shares of companies dependent on Railways’ spending jumped in listless trade on Tuesday as traders bet that the sector would be revived if the Bharatiya Janata Party comes to power. Titagarh Wagons (BSE 16.91%) jumped 16%, Stone India (BSE 4.84%) gained 4.8%, Kernex Microsystems (BSE 4.57%) rose 4.6% and Kalindee Rail Nirman (BSE 4.32%) advanced 4.3%. BSE’s small-cap index closed flat.

“Investment in railway infrastructure will be a priority for the new government. Railway stocks have rallied on anticipation of pro-reform government at the Centre,” said Ambareesh Baliga, managing partner – global wealth management at Edelweiss (BSE -2.92%).

The BJP election manifesto says if it is elected, the government will introduce high-speed bullet trains and launch diamond quadrilateral project of high-speed train network, build 100 new modern cities, and expedite freight and industrial corridors to improve the country’s infrastructure and create employment.

These stocks, which have not recovered since 2008, are still about 80% below their life-time highs in late 2007 – the peak of the previous bull run. Investors stayed away from these stocks as the government did not make any major expansion announcement in the last few years. “The railway companies have not received any major orders for the last couple of years, and I hope that will change post elections,” said Sunil Jain, head of equity research at Nirmal Bang.

The department of industrial policy and promotion (DIPP) has been pushing for allowing FDI in railways since August last year, and this is seen as big trigger for railway companies. The DIPP had sent a cabinet note for approval to allow 100% FDI in railway transport like elevated rail corridor projects, freight terminals, suburban corridors and dedicated freight lines.
Source-Rail News

Sreedharan meets Akhilesh, discusses key agenda with LMRC top brass

लखनऊ Lucknow: Principal advisor to Lucknow Metro Rail Corporation E Sreedharan, on Tuesday, met chief minister Akhilesh Yadav a day after his meeting with top brass of the metro cell.

Sreedharan is reported to have briefed the Chief Minister about various formalities before going ahead with the ambitious project. On Monday, Sreedharan inspected some of the sites as well. Later, he said the project would start in September. He said the first phase of metro rail stretching between Transportnagar and Charbagh would be completed by 2017.

He also decided to extend the stretch of first phase which was earlier limited to Alambagh bus stand. Now the first phase would extend till Charbagh.
Source-Rail News


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