Aug 8, 2015


heart beat


A. Cancellation of trains

Train No.12617 Ernakulam Jn. – Hazrat Nizamuddin Mangala Lakshadweep express scheduled to leave Ernakulam Jn. at 10.45 hrs. on 09.08.2015 & 10.08.2015 will be cancelled.

B. Diversion of Trains

Train No.12617 Ernakulam Jn. – Hazrat Nizamuddin Mangala Lakshadweep express of 08.08.2015 will be diverted via Vasai Road, Vadodara, Nagda Jn. and Mathura Jn.

Train No.12618 Hazrat Nizamuddin – Ernakulam Jn. Mangala Lakshadweep express of 08.08.2015 & 10.08.2015will be diverted via Mathura Jn., Nagda Jn. and Vasai Road.


The following trains will be temporarily augmented as explained below.

Train No.17230/17229 Hyderabad – Thiruvananthapuram – Hyderabad Sabari express trains will be temporarily augmented by One AC 3-tier Coach ex. Hyderabad from 06.08.2015 to 17.08.2015 and ex. Thiruvananthapuram from 08.08.2015 to 19.08.2015.

Train No.17235/17236 Bangalore – Nagercoil – Bangalore express trains will be temporarily augmented by One Sleeper Class Coach ex. Bangalore from 05.08.2015 to 16.08.2015 and ex. Nagercoil from 06.08.2015 to 17.08.2015.

Rs96 crore Kurla elevated station tender pushed back

The opening date for the Rs96-crore tender for the Kurla elevated harbour station was pushed back from August 7 to August 25 due to, what top Central Railway officials called, 'technical reasons'. However, a group of railway officials maintained that the push-back has raised fears on whether the environment in the railways is 'good and efficient' enough for firms to come bidding for a Rs96-crore work order.

As first reported by dna in its July 5 edition, the Rs96-crore work order involves the creation of a rail flyover starting from the north ofChunabhatti station to the south of Tilaknagar station with a three-line Harbour station right above the current platforms 7 and 8. To be built on stilts, the elevated station would allow goods trains to move on the tracks at ground level while Harbour line trains 'fly' over them.

"Central Railway all through July has issued tenders worth Rs550 crore. However, the fact remains that happy days are here only if there are enough firms to bid for these works. What we have been seeing for a long time is that the bigger construction companies which have the wherewithal to got for work upwards of Rs100 crore are unwilling to work in the railway set-up which is at times excessively rigid, hierarchical and also prone to delays," said a CR official. Last year, CR faced such a problem with work orders for several projects in the range of Rs20-30 crore having to be re-issued as there were no bidders.

However, with the new railway dispensation under minister Suresh Prabhu talking big about completing pending projects and also looking to spend several lakh crore rupees to upgrade the railway infrastructure in the country, officials believe the situation is better than ever before. "Prabhu has made far-reaching changes in the way top-level officials like the general manager as well as members of the Railway Boardcan deal with even large tenders upwards of Rs100 crore. We believe the streamlined processes will be attractive for firms to carry out these works," said a top-ranking railway official.

Projects galore:
July 4 - Rs96 crore Kurla elevated harbour station order
July 19 - Rs177 crore order for Ahmednagar-Beed-Parli project
July 21 - Rs38 crore tender for Panvel terminus project
July 30 - Rs120 crore order for Ahmednagar-Beed-Parli project
July 31 - Rs105 crore for the Kalyan-Kasara 3rd line project

Source - dna

SC lets Metro raise fares, maximum can be Rs 110

MUMBAI: The Supreme Court has allowed the operator of Mumbai's Metro railway to implement the recommendation of the Fare Fixation Committee (FFC) for a fare band of Rs 10-110.
The FFC, appointed under the Metro Railway Act, submitted its report on July 8. The operator, the RInfra-led Mumbai Metro One Pvt Ltd (MMOPL) has already uploaded on its website the fare chart as per the FFC recommendation. The minimum fare is Rs 10, which increases by Rs 10 for each station up to a maximum of Rs 110 for the 11.4km corridor.
An MMOPL spokesperson said, "We have decided not to increase fares till October 31. Till then, we will continue to charge fares in the band of Rs 10-40."
An MMRDA official said that though the FFC report has been upheld, the petition against MMOPL raising fares is yet to be dismissed.
Experts consulted by the FFC say the upward revision in fares in itself is unlikely to make Mumbai Metro sustainable in the long run. What is needed is lower interest and electricity rates, as well as higher non-farebox revenue (the farebox recovery ratio, or fare recovery ratio, is the fraction of operating expenses met by fares paid by passengers).
Hence, MMOPL has asked the state government to provide a one-time capital grant of Rs 1,000 crore, operational subsidy of Rs 21.75 crore per month and permission to fully monetize real estate to keep fares at the current level.
MMOPL has citied the FFC recommendation, which states that it may approach the state government for providing operational subsidy to provide relief to commuters.
The government's representatives on MMOPL's board—MMRDA commissioner UPS Madan; principal secretary, urban development department, Nitin Kareer; joint secretary, Union urban development ministry, M K Sinha—opposed the recommendation when the report was tabled at a meeting on July 20.
Former chief secretary Jayant Kumar Banthia was the lone dissenting voice in the three-member FFC, which also comprised retired justice E Padmanabhan and former Union law secretary T K Viswanathan.
The FFC reached a conclusion about fares after consulting with experts. It relied on several factors, including project cost (Metro, being a public-private partnership, or PPP, project, has had a high input cost; government-funded projects are cheaper) while reaching its decision.
Source - toi

Railways Needs Rs 8.5 Trillion Investment Over Next 5 Years: Union Minister Suresh Prabhu

File Photo: Union Railway Minister Suresh Prabhu

Mumbai: Railway minister Suresh Prabhu today asked foreign funds and domestic investors to replicate with the railways their success in the telecom, power and road sectors as the national transporter needs a whopping Rs 1 trillion in funds this year and Rs 8.5 trillion over the next five years.

"You have successfully invested in the telecom and power and roads sector, but never in the railways. The government also didn't invest during the past two decades and so we've chalked out a five-year plan under which we are looking at an investment of Rs 1 trillion this financial year and Rs 8.5 trillion over the next five years," Mr Prabhu told a gathering of overseas investment bankers and domestic funds led by insurers and financial institutions.

The closed-door meeting at the BSE Tower in Mumbai this evening, where Mr Prabhu rolled out the red carpet for foreign funds and domestic investors, included multinational i-bankers, FIIs, domestic insurers like LIC and other financial institutions, sources said.

However, the minister was quick to admit that private investment in a public service like the railways will take time.

"We are looking at private sector investments, too, though we know it will take time," the minister was quoted as saying by one of the participants.

Most railway lines are running at 100 per cent of their capacity, leading to heavy congestion. Hence, investments are needed to ease rail traffic, he said, adding that it will cost Rs 10 crore for laying a 1-km rail link and Rs 6 crore for doubling/ tripling of an existing railhead.

Stating that most of the funds for railways come either from public institutions like LIC, which has committed to subscribe Rs 1.5-trillion worth of RFC bonds, or through budgetary support, Prabhu said that given the state of public finances, railways need large funds from the private sector.

Explaining the need for capital investment, the minister, who was praised for his radical reforms in the power sector during his tenure in the previous NDA ministry, said "for improving rail infrastructure we need to invest 10 per cent of the total infrastructure GDP of $2 trillion over next five years.

"This means we need to invest USD 200 billion annually in the railways over the next five years, after which we need an annual investment of 1.5 times more than this (or $350 billion) for the next five years," Mr Prabhu said.

Offering a break-up of rail finances, he said it has three main sources of revenue generation - passenger and freight fares, and budgetary support.

However, Mr Prabhu said that while as much as 65 per cent of the rolling stock was passenger trains, they generate only 30 per cent of revenue, leaving 70 per cent of revenue to be mobilised by freight trains, which constitute only 35 per cent of the rolling stock.

On rail modernisation plans, he said the national transporter is on its way to constructing 400 model railway stations this fiscal year. He also said that as many as 79 of the announcements made in the rail budget for the year have already been implemented.

On involving the states in railway development, he said,

"We have already signed MoUs with Maharashtra and Odisha and are on our way to doing the same with a total of 17 states."

He added that Maharashtra has agreed to pump in Rs 10,000 crore over the next 10 years.
"On the part of the Railways, we will be investing Rs 70-80,000 crore in Maharashtra over next five years," he said.

Talking about the dedicated freight corridor project, he said that out of the Rs 82,000 crore approved by the Cabinet last month, railways has already floated tenders for Rs 19,000 crore.

On the two proposed locomotive units with FDI participation - one electric and the other diesel - he said tenders will be floated by the end of this month and a number of MNCs have evinced interest in the project.

Source - ndtv






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