+
Plan to contractualise machinery use, Railway Board Chairman
RAILWAYS & METRO RAIL

Plan to contractualise machinery use, Railway Board Chairman

The Ministry of Railways is turning away from traditional means of financing track laying and maintenance machinery on its own and is increasingly looking at contractualizing the process through private companies as the Railways prepares to lead India's infrastructure expansion.

According to Anil Kumar Lahoti, Chairman of the Railway Board, "the contribution of India's construction equipment industry in supplying crucial equipment to facilitate the growth is crucial to the endeavour." On Thursday in New Delhi, Mr. Lahoti gave a speech at the Indian Construction Equipment Manufacturers Association's 4th annual financial conference.

In outlining the modernization strategies, Mr. Lahoti stated that the Ministry intended to use long- term contracts to complete track improvements as the Railways prepared for expansion. The machines cost anything between 100 million and 1 billion dollars. Finance will be required for this. Therefore, we intend to compensate contractors according on output or machine availability," he stated.

Internal projections made by the Railways, according to Mr. Lahoti, indicate that over the next six to seven years, at least 2,000 advanced pieces of track construction and maintenance equipment will be needed.

The Ministry of Railways is turning away from traditional means of financing track laying and maintenance machinery on its own and is increasingly looking at contractualizing the process through private companies as the Railways prepares to lead India's infrastructure expansion.According to Anil Kumar Lahoti, Chairman of the Railway Board, the contribution of India's construction equipment industry in supplying crucial equipment to facilitate the growth is crucial to the endeavour. On Thursday in New Delhi, Mr. Lahoti gave a speech at the Indian Construction Equipment Manufacturers Association's 4th annual financial conference.In outlining the modernization strategies, Mr. Lahoti stated that the Ministry intended to use long- term contracts to complete track improvements as the Railways prepared for expansion. The machines cost anything between 100 million and 1 billion dollars. Finance will be required for this. Therefore, we intend to compensate contractors according on output or machine availability, he stated.Internal projections made by the Railways, according to Mr. Lahoti, indicate that over the next six to seven years, at least 2,000 advanced pieces of track construction and maintenance equipment will be needed.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code