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Showing posts with label Special Purpose Vehicle (SPV). Show all posts
Showing posts with label Special Purpose Vehicle (SPV). Show all posts

Saturday, 8 July 2017

08:19

Karnataka: SPV for suburban rail network on the cards

Karnataka: SPV for suburban rail network on the cards
The special purpose vehicle will execute the Rs. 9,000-cr. project and will be discussed in a meeting between State govt. and Railway Minister shortly
The formation of a special purpose vehicle (SPV) for city’s suburban rail network will be discussed in detail at a meeting between the State government and the Railway Minister and other officials scheduled to be held in a few weeks time, City Development Minister K.J. George said here on Thursday.
At a preliminary meeting with Union Minister D.V. Sadananda Gowda, railway officials, and other State government officials, Mr. George said that a draft document for the formation of the SPV — which will execute the Rs. 9,000-crore suburban rail project for the city— has been submitted to the Centre. “We will follow this up with the Centre. One of the bottlenecks with regard to the SPV is the cost sharing ratio and the issue of who would repay the amount borrowed,” Mr. George added.
Currently, the Union government has proposed a 20:20:60 policy in which both Union and State governments would contribute 20% each while 60% of the cost would be raised from loans. While Karnataka is proposing that the repayment of the loans also be split between Centre and State, the Central policy says that the States have to bear the cost of the repayment. “We are also requesting that the fares for the services operated by the SPV be fixed by the SPV itself and not linked to Indian Railways fares. This will help us to avoid operational losses. We will discuss all these issues in New Delhi,” Mr. George said.
Source:The Hindu
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Thursday, 10 March 2016

07:30

Patna Metro Rail project sent to Centre for its clearance

Patna Metro Rail project sent to Centre for its clearance

Patna: The process of implementing Patna metro rail project has taken off with an estimated total cost of Rs 16960 crore, the 16.9 km stretch of Patna metro project would be made jointly by the various financial institutions including Asian Development Bank, Japan International Cooperation Agency (JICA) and Central government assistance.
Bihar government will invest 6544 crore, take equity loan of Rs 7812 crore from JICA/ADB, and rest amount from Centre, a special purpose vehicle (SPV) corporation to be formed after getting clearance from Centre.

The principal secretary urban development and housing department Amrit Lal Meena told on Monday the proposal to this effect has already been sent to the Centre for its approval. “Once it gets approved we will have to raise equity loan from various financial institutions”, Meena told.

Last month The Nitish Kumar government approved the Metro Rail Project in Patna. A budget of Rs 16,960 crore (including all taxes) has been allocated for the project which will see Metro services resuming in the city from 2021. The metro network will have 14 stations initially and will run from Saguna More to Patna Junction.

The Bihar government started working on the project from 2011, and an initial draft was prepared in 2013. The state government had then asked Rail India Technical and Economic Service (RITES) to prepare a feasibility report.

According to the plan, the Metro services in Patna will be rolled out in three phases. In the first phase work will be completed in the east-west and north-south corridors. The metro will run on two routes under the PPP (Public Private Partnership) mode.

The population of Patna metropolitan is currently 20.32 lakh as per census 2011 and is expected to go up by 36.3 lakh in 2031. With the implementation of project, it would be easier for the daily commuter to move in the city . At present Patna road is spread over in 1500 km road network in which most of them fall in urban areas.

According to RITES project, out of the total 8.3 lakh registered vehicle in the city in which 68% are two wheelers.

In the first phase the Patna metro rail project network would be in 16.9 km area in which 9.625 km would be on elevated portion and 4.575 km would be underground. It will have total 14 station in which 4 would be on elevated portion and 9 on underground. The remaining one would be on the ground level.

Patna will be the seventh Indian city to have the metro after Kolkata, Delhi, Bangalore, Mumbai, Jaipur and Chennai.

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Wednesday, 3 February 2016

22:30

Cabinet approves formation of Joint Venture Companies with State Governments to mobilize resources for undertaking various rail infrastructure projects in the State

Cabinet approves formation of Joint Venture Companies with State Governments to mobilize resources for undertaking various rail infrastructure projects in the State 

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for allowing the Ministry of Railways to form Joint Venture Companies with the State Governments to mobilize resources for undertaking various rail infrastructure projects in States. The Joint Venture Companies would be formed with equity participation of Ministry of Railways and concerned State Governments. Each Joint Venture (JV) would have an initial paid up capital of Rs. 100 crores based on the quantum of projects to be undertaken. The Ministry of Railways’ initial paid-up capital will be limited to Rs. 50 crore for each State. Further infusion of fund/equity for the purpose of the projects shall be done after approval of the project and its funding at the level of appropriate competent authority. 

The JV can also form project-specific SPVs with equity holding by other shareholders like Banks, ports, public sector undertakings, mining companies etc. The Joint Venture exercise would ensure greater participation of State Governments in implementation of Railway Projects both in terms of financial participation as well as decision making process. This will also facilitate in faster statutory approvals and land acquisition. Besides travelling people, various cement, steel, power plants etc. would get the necessary rail link for transportation of their raw material and finished products. 

 Source:PIBNEWS
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Saturday, 30 January 2016

19:38

The MoU was signed by Mr. Sivasankar for the State and Executive Director, Works, Ved Prakash Dudeja for the Railway Board.

The MoU was signed by Mr. Sivasankar for the State and Executive Director, Works, Ved Prakash Dudeja for the Railway Board.

The government has asked the departments of Law and Finance to vet the shareholders’ agreement for a joint-venture company to be formed by the Railways and the State.

A Memorandum of Understanding (MoU) to set up the company for undertaking project development, financing and implementing identified railway projects in the State on a cost-sharing-basis was signed in Delhi on January 27.

The scrutiny is in the wake of the Railways’ directive to the State to furnish comments, suggestions and modifications, if any, on the shareholders’ agreement by the month-end.

Transport Secretary M. Sivasankar told The Hindu that the copy of the shareholders’ agreement has already been given to the two departments without waiting for a formal letter.

After getting the departments’ report, the Transport Department will submit the State’s version to the Railways. As per the MoU, the State will have 51 per cent equity share and the Railways 49 per cent in the company, which will have an authorised share capital of Rs.200 crore with the initial paid up capital of Rs. 100 crore.

The Transport Department, which also handles railway matters in the State, has also initiated steps as per the “Way Forward’’ provided to the State to set up the company. The State and the Railways have to post a nodal officer each for implementing the MoU.

The Railways have hinted that they prefer a top IAS officer, preferably the Chief Secretary of the State, as the part-time chairman of the company. The Managing Director, a full-time post, has to be selected by a committee comprising representatives of the State and the Railways.

The Articles of Association and the Memorandum of Association need to be formed and filed with the Registrar of Companies to form the company.

“The attempt is to form the special purpose vehicle (SPV) within a month,” Mr. Sivasankar said.

The MoU was signed by Mr. Sivasankar for the State and Executive Director, Works, Ved Prakash Dudeja for the Railway Board.

Commercially viable railway projects will be identified jointly and entrusted to the SPV for execution on a fast-track basis.

Government asks Law and Finance departments to vet the shareholders’ agreement

Source:The Hindu 
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Monday, 7 December 2015

22:10

Indian Railways undertake Rs.14000 Crore PPP Projects

Indian Railways undertake Rs.14000 Crore PPP Projects

New Delhi: Railways have undertaken more than 20 projects worth Rs 14,000 crore during the 12th Five year Plan, including those for laying new lines, doubling the existing ones, enhancing port connectivity and electrifying its network under PPP model.

While seven PPP projects worth Rs 5693 crore are under implementation as part of joint venture model, as many others involving an expenditure of Rs. 2236 crore are being implemented under customer funded model, official sources said.

Three PPP projects worth Rs 3016 crore are being executed through the annuity route and in-principle approval has been accorded to six others worth Rs 3078 crore.

Faced with resource crunch for its mega investment plans, the public transporter is exploring various channels for raising funds.

“We are exploring the PPP models and joint ventures with state governments in a big way for funding infrastructure development,” said a senior Railway Ministry official.

Indian Railway has proposed Rs 8.56 lakh crore investment plan for the next five years and the national transporter expects to execute a sizable chunk of projects through Public-Private Partnership and in collaboration with states.

There are about 16 state governments which have given their in-principle approval for formation of special purpose vehicles (SPVs) to implement rail projects in their respective states, said the official.

Recently Odisha signed a Memorandum of Understanding (MoU) with Railways to form a SPV for implementation of rail projects in the state.

In order to attract private investment, railways have strengthened the PPP framework besides launching investor-friendly build, operate and transfer (BOT) annuity model to construct new tracks.

According to the official, the participatory policy for rail connectivity was launched in 2012 which has five models including non-government railway model, joint venture model, build operate and transfer model, capacity augmentation with funding provided by customers model and capacity augmentation through annuity model.

During 2002 and 2014, eight port connectivity projects worth about Rs 3153 crore were implemented. These covered the linking of Mundra Port and Pipavav-Surendranagar, Hassan- Mangalore, Gandhidham-Palanpur and Bharauch-Dahej gauge conversion projects. These projects have added about 1030 km of rail lines, the official said.

Besides, railways have offered 400 stations to be redeveloped with private participation for improving passenger amenities inviting open bids from interested parties.
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Tuesday, 15 September 2015

19:45

Isolux Corsan Consolidates its Railway Business in India with the Award of 3 Electrification Contracts

Isolux Corsan Consolidates its Railway Business in India with the Award of 3 Electrification Contracts

Isolux Corsan, the global benchmark critical infrastructure contractor, has been selected by Rail Vikash Nigam Ltd (RVNL), Special Purpose Vehicle (SPV) wholly owned by Government of India under National Railway Board, for the design and construction of Over-Head Equipment, Traction Substations and associated intelligent railway operations systems in the major railway sections in State of Rajasthan, Karnataka and Telengana.

The contract includes the engineering, procurement, construction, testing and commissioning of Over-Head Equipment, Switching Stations, Traction SubStations, SCADA, signalling, Telecommunication, Buildings and other associated works. The three projects involve 563 km of railway electrification and five traction substations.

Isolux Corsan
The company will design and build a total of 563 Km of Over-Head Equipment, including five Traction SubStations and associated intelligent railway operations systems, in the States of Rajasthan, Karnataka and Telengana.

These three major rail electrification contracts awarded to Isolux Corsán, strengthens its position in India, where the Group is already a relevant player in the areas of T&D and transport infrastructure.
The Electrification work includes Traction Substations and 25 kV AC Over-Head Equipment (OHE). Signalling and Telecommunication work includes Automatic Signalling, Electronic Interlocking, Train Detection using Multi Section Digital Axle Counters (MSDAC) and OFC based communication system. The Building works include Station Buildings, Substations Control Room buildings and Staff Quarters.

One project is located in section Rani to Swarupganj, in Ajmer Division of North Western Railway in the State of Rajasthan, including one Traction Substation and a total of 198 Km of High Rise (7.2m contact wire height) Traction Over-Head Equipment.

The other two projects are located in the State of Karnata-Telengana. One project is in the Hubli Division of South Western Railway. The works will be done in sections Hospet to Kudatini and Toranagallu to Ranjitpura, with a total of 187 Km of Track Railway Electrification and two Traction Substations. The other project is in the Guntakal Division of South Central Railway. The works will be done in section Kudatini to Guntakal, with a total of 178 Km of Track Railway Electrification and two Traction Substations.

These projects are part of a massive investment plan conceived by Government of India for rail sector to eliminate capacity bottlenecks on Golden Quadrilateral and Diagonals to provide strategic rail communication links to ports, construction of mega-bridges for improving communication to the hinterland and development of multi-modal transport corridors. This initiative has been given the name of National Rail Vikas Yojana.

These three major rail electrification contracts awarded to Isolux Corsán strengthens its position in India, where the Group is already a relevant player in the areas of T&D and transport infrastructure, the latter, with projects awarded over 120 million Euros.

Isolux Corsán is firmly established as a leading specialist in High Speed railway throughout the world, with over 2,000 Km of high-speed railway electrification already in operation.
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Sunday, 9 August 2015

15:29

Railways to form SPVs for infra development with 17 States: Suresh Prabhu

Railways to form SPVs for infra development with 17 States: Suresh Prabhu

Panaji: Railway Minister Suresh Prabhu today said his ministry will form special purpose vehicles (SPVs) with 17 states to develop railway infrastructure.

“We are creating a special purpose vehicle with each state separately. There are 17 states, who have shown interest. It would be a joint venture,” Prabhu told PTI on the sidelines of the function to flag off local train at Pernem station in north Goa.

He said Goa, North-Eastern states and Jammu and Kashmir are not included in this scheme.

“For the 17 states, we will create SPVs. The state will invest the capital, along with the Centre, in this company (SPV), which will be used for development of railway infrastructure,” the minister said.

According to Prabhu, Maharashtra has decided to invest Rs 10,000 crore for next five years in this company to develop railway infrastructure..

“We are creating a special purpose vehicle with each state separately. There are 17 states, who have shown interest. It would be a joint venture,” Prabhu told PTI on the sidelines of the function to flag off local train at Pernem station in north Goa.

He said Goa, North-Eastern states and Jammu and Kashmir are not included in this scheme.

“For the 17 states, we will create SPVs. The state will invest the capital, along with the Centre, in this company (SPV), which will be used for development of railway infrastructure,” the minister said.

According to Prabhu, Maharashtra has decided to invest Rs 10,000 crore for next five years in this company.

“Now all the states are interested in signing. This is a good thing. We can develop additional infrastructure and bandwidth,” he said.

He also announced 250 additional trains to clear the rush during forthcoming Ganesh Chaturthi festival, which would be celebrated across Maharashtra’s Konkan region and Goa in September.

“Ganesh chaturthi is the most important festival in Goa. We have decided to run 250 additional trains to clear the rush,” Prabhu told a gathering at Pernem Railway Station today, where he flagged off the train between Pernem and Karwar.

Several railway divisions, including Konkan Railway Corporation Ltd (KRCL), Central Railway, Southern Railway and others, will pitch in to ply the special trains.

Prabhu said 17 stations on KRCL route will have wi-fi facility and escalators will be installed in the stations, including Margao, Ratnagiri, Kankavali and Thivim.
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Wednesday, 5 August 2015

17:58

Railway Ministry clears Gujarat Govt proposal for Electrification of Railway Lines

Railway Ministry clears Gujarat Govt proposal for Electrification of Railway Lines

Gujarat government had proposed Railway Ministry to include electrification of total five railway lines in year 2015-16 Railway Budget. In response to this, Railway Ministry has through a letter informed the state government that electrification of all five lines proposed has been approved.

MOSR Manoj Sinha has in a letter to Gujarat Chief Minister conveyed that ministry has accepted Gujarat government proposal to include Ahmedabad-Rajkot section and Mehsana-Viramgam-Samkhiyali Railway line section electrification in next railway budget.

Sinha in his letter further said that as Surendranagar-Pipavav port, Palanpur-Bhildi-Samkhiyali-Gandhidham and Gandhidham-Kandla Port-Mundra Railway line electrification task is with special purpose vehicle (SPV) Companies, electrification of these lines will be done by SPV.
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Tuesday, 14 July 2015

18:44

Gujarat prepares first Railway Master Plan for city-to-city connectivity linking key industrial pockets on PPP model

Gujarat prepares first Railway Master Plan for city-to-city connectivity linking key industrial pockets on PPP model

Gandhinagar: Gujarat government is preparing a first Railway Master Plan (RMP) for city-to-city connectivity and linkages with key industrial pockets through a new railway service to be designed on public private partnership (PPP) model in the state.

Gujarat Infrastructure Development Board (GIDB) is coordinating development of this master plan for which the state has preliminary clearance from the Union railway ministry. It proposes to float a new special purpose vehicle (SPV) company which will undertake master planning and take up the project on the PPP model.

Secretary to chief minister Ajay Bhadoo said: “The state government has decided to prepare State Railway Master Plan. It aims to reduce burden on road transport by starting a new railway service that will increase connectivity between cities like Ahmedabad-Rajkot, Ahmedabad-Surat-Vadodara etc. It will provide rail service to connect industrial pockets for efficient and faster transport of goods.”

Bhadoo said that the CM met the railway minister twice to discuss the state government’s plan to boost rail service. The Union railway ministry has agreed to form SPV joint venture to raise funds and implement rail projects like gauge conversion, doubling of lines, missing links, connectivity to remote and backward areas, re-development of stations, construction of railway over bridge and expansion of rail network.

The RMP will focus on identifying economically viable projects which can be taken up on the PPP model. Once these projects are readied with the estimation of their investment cost, the government will invite private investors. On the basis of the RMP, the government will work out an incentive policy.

The RMP will also be linked with dedicated freight corridor, new railway expansion plan of Western Railways, Ahmedabad-Gandhinagar Metro and Regional Rail Network and Ahmedabd-Mumbai-Pune bullet train for better and faster connectivity.
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Sunday, 28 June 2015

21:54

JSW Jaigarh Port signs Concession Agreement with Konkan Railway and Maharashtra Maritime Board

Jaigarh Port Ltd (JSWJPL), an arm of JSW Infrastructure Limited today announced the signing of a concession agreement with Konkan Railway Corporation Limited (KRCL) in presence of Shri Devendra Fadnavis, Hon’ble CM of Maharashtra and Shri Suresh Prabhu, Minister of Railways, for developing a 33.7 km of new railway corridor, connecting port to the new Digni station on Konkan Rail network.  JSWJPL emerged a
s a successful bidder following a competitive bidding process to develop this project under Public Private Partnership model for development, operation and maintenance of rail system.

The Joint Venture is formalized as Jaigarh Digni Rail Limited (JDRL), with JSWJPL, KRCL and Maharashtra Maritime Board (MMB) are the shareholders. The estimated cost of the project is Rs. 771 Crores, which is funded through combination of equity and debt and the Concession Agreement between JDRL with Ministry of Railways (MoR) through KRCL will be valid for a period of 30 years.

The alignment for this new rail line passes through difficult terrain of Sahyadri mountains which would necessitate construction of about 18 km long tunnels. The estimated time of completion is 30 months and the rail corridor is expected to handle around 12 mtpa cargo.

With the sanction of the Railway Ministry and with the traffic study already having been carried out by no less than PricewaterhouseCooper, a multinational professional services network, the project has a timeline of 30 months and a revenue projection of Rs 114 crore for the first year to begin with.

The project will play a critical role which has been conceptualised by KRCL as a Special Purpose Vehicle (SPV) as per Participative Policy promulgated by Ministry of Railways in association with Konkan Railway, Maharashtra Maritime Board and M/s JSWJPL to transport bulk commodities from Jaigarh port to Konkan Railway and further onward movement to hinterland.

JSW Jaigarh Port is a modern, mechanized, all weather deep water port having a capacity of 15 million ton per annum with two berths and is expanding rapidly to achieve capacity of 65 mtpa by 2020. After having successfully handled cape size vessel (1,80,000 DWT), it is aiming for direct berthing of next generation vessels, i.e. Vale Max- the dry bulk carrier, Q- Max (the LNG carrier), Triple-E (the largest container carrier) and Very Large Crude Carriers.

Commenting on the development, Sajjan Jindal, CMD, JSW Group, said “The project will usher a new era of development for the region and provide impetus to the economic activities with the new link. The Jaigarh Port will get major boost with the signing of concession agreement for Jaigarh Digni new rail line. We are sure this will bring a socio economic change in the region by creating more job avenues. We are committed towards the make in India story and will work closely with the government to propel the economic growth”.

In Phase II, the capacity will be expanded to 50 million tonnes with a total of 10 berths (catering to: RoRo, liquid, containers, break bulk and bulk cargoes).

The port is now connected to the National Highway 17 through the existing State Highway 106.

About JSW Infrastructure Limited

JSW Infrastructure Limited (JSWIL) has been bearing responsibility of logistics function for JSW Group as well as third parties for over a decade now. With installed capacity of over 33 mtpa, JSWIL handled about 24 mtpa cargo in last fiscal across its port facilities in Dharamtar Port near Mumbai, South West Port terminals at Goa and Jaigarh Port at Ratnagiri, Maharashtra. JSWIL has vision to achieve capacity of 200 mtpa by 2020 through adoption of latest technologies, efficient operations and enduring value to its customers, community and environment. JSWIL has given direct and indirect employment opportunities to about 1500 people in addition to business avenues to local entrepreneurs at its port locations.

About JSW Jaigarh Port Limited

The JSW Jaigarh Port Ltd is as a common-user multipurpose all-weather port. JSWJPL signed a concession agreement with the Maharashtra Maritime Board on June 24, 2008 for the design, finance, construction, operations and maintenance of a multipurpose common user port at Damankhol Bay, Jaigarh Dist. Ratnagiri for a period of 50 years. The port is located in the Ratnagiri District at Latitude 17° 17′ Nand Longitude 73 ° 14′ E along the southern bank of the Shastri River, approximately 110 NM south of Mumbai and 126 NM north of Goa. The port has installed capacity to handle about 15 million ton per annum (mtpa) cargo and last fiscal (FY15) it handled about 8.5 mtpa cargo.

About JSW Group

JSW Group is an USD 11 billion conglomerate, part of the O.P. Jindal Group, having substantial presence across core sectors of India’s economy like steel, energy, infrastructure and cement. JSW Steel Ltd is the flagship company of JSW Group having installed steel production capacity of 14.3 million tonnes per annum (mtpa). JSW Energy Ltd has installed capacity of 3140 MW. JSW Cement Ltd has installed capacity of 6 mtpa.
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Tuesday, 26 May 2015

04:21

Indian Railways to organise a fortnight long programme “Railyatri/Upbhokta Pakhwada” (Passenger and Customer Facilitation Fortnight) from 26.05.2015 to 09.06.2015

Indian Railways to organise a fortnight long programme “Railyatri/Upbhokta Pakhwada” (Passenger and Customer Facilitation Fortnight) from 26.05.2015 to 09.06.2015 

The programme is primarily directed towards Passenger Amenities/Customer Facilitation, Awareness about various achievements of Indian Railways during the preceding year and highlights of Railway Budget 2015-16

Road Shows, Interaction with the Public, Intensive Drives on Passenger related amenities, Coordination with State Government Authorities to be the highlights of the Pakhwada

This programme is first of its kind in the history of Indian Railways

The entire Indian Railways is fully geared up to observe the momentous Pakhwada

Ministry of Railways has decided to organise a fortnight long programme “Railyatri/Upbhokta Pakhwada” (Passenger and Customer Facilitation Fortnight) from 26.05.2015 to 09.06.2015 all over Indian Railways, primarily directed towards Passenger Amenities/Customer Facilitation, Awareness about various achievements of Indian Railways during the preceding year and highlights of Railway Budget 2015-16, etc.  The detailed outlines and guidelines for the proposed fortnight long programme were formulated and finalised at a high level meeting convened by Minister of Railways, Shri Suresh Prabhakar Prabhu.  The meeting was attended by the Minister of State for Railways, Shri Manoj Sinha and Members of the Railway Board. The Railway Minister and Railway Board Members interacted with General Managers of Zonal Railways and Railway Production Units over Video Conferencing also to chalk out the strategy for the Pakhwada.

The Additional Member (AM) (C&IS), Shri Mohd. Jamshed, Railway Board has been nominated as the Programme Co-ordinator for this fortnight long Pakhwada.  The entire machinery of Indian Railways from Railway Board to the divisional railway level has been fully geared up for this momentous activity which is first of its kind in the history of Indian Railways.

The General Manager (GM) of Zonal Railways and Railway Productions Units and the Divisional Railway Managers (DRMs) have set up Organising Committees at their respective headquarters to undertake various programmes as directed. The DRMs have been asked to involve the Station Managers for organising and monitoring various activities on their respective stations.

The events proposed to be undertaken during this fortnight long programme include inauguration/launching of completed projects, signing of MoUs with Railway PSUs for upgrading passenger amenities in certain identified stations, formation of Special Purpose Vehicles (SPVs) with the State Governments for joint development of Infrastructure, Road Shows & Interaction by GMs and DRMs with passengers and other customers by visiting stations and by traveling with public in suburban and other passenger trains, interaction with State Government Authorities, interaction with public seeking their support for Railway’s Cleanliness Campaign and Safety Awareness Campaign at unmanned level crossings, inspection of Railway Stations, drive about courtesy programme for the front line staff, health check-up camps, intensive drive to check catering services, vigilance checks, intensive ticket checking drive, drive against touts etc. 

The recognised unions of Indian Railways have also been involved in a big way in this Pakhwada.

 Source :PIBNEWS.

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Wednesday, 6 May 2015

18:11

Railway Ministry Implements 39 Railway Budget Announcements in Just 36 Days of the Current Financial Year Displaying Unprecedented Pace of Implementation

Railway Ministry Implements 39 Railway Budget Announcements in Just 36 Days of the Current Financial Year Displaying Unprecedented Pace of Implementation

Minister of Railways and MOS Railways Personally Monitoring the Implementation of Budget Announcements

Comprehensive Mechanism and Action Plan put in Place to Ensure Time Bound Implementation

Indian Railways Developed Online Monitoring of Implementation of Budgetary Proposals Through E-Samiksha

The Entire Machinery of Indian Railways Geared up for Implementation Work

In an unprecedented pace of implementing announcements made in the Railway Budget 2015 -16, Ministry of Railway has already implemented 39 announcements ranging from passenger amenities system improvements to infrastructure development. Immediately after the presentation of the Budget, the Railway Minister directed Railway Board to put in place a sound mechanism to implement the budgetary announcements in a time bound manner. The entire machinery of Indian Railways was geared up to implement the budgetary proposals. 

 Under the implementation strategy, comprehensive action plans were formulated on all budget announcements. Minister of Railways Shri Suresh Prabhakar Prabhu and Minister of State for Railways Shri Manoj Sinha have been personally monitoring the implementation and undertaking periodical review. The monitoring and periodical reviews are also being undertaken at Railway Board level, Zonal Railway level and Railway Division level. To ensure effective and efficient online monitoring, Ministry of Railway also developed a special web based software E-Samiksha to keep an eye on implementation. Ministry of Railway is next only to PMO, Ministry of External Affairs, Ministry of Road Transport and Highways and Ministry of Human Resource Development to have this kind of online monitoring mechanism.

Though only 36 days have passed in the current financial year 2015-16 (1st April, 2015 to 30th March, 2016), 39 announcements have so far been implemented which are listed below:-

1.New department for housekeeping created. It will address the issue of cleanliness in a more integrated and coordinated manner.
2. Disposable bags for garbage disposal have been started as a pilot project in Mumbai-Amritsar Punjab mail.
3.New non-AC coaches being manufactured in ICF have dustbins from 1st of May, 2015.
4.NIFT, Delhi has been engaged for designing of bedroll etc.
5.03 new mechanized laundries have been started at Kochiveli, Malda town and Santragachhi to supply clean linen taking total of such laundries to 33. Twenty nine more locations have been identified. 
6.Passenger Helpline 138 already functional. It will work as an interface for queries/complaints related to medical emergency, cleanliness, food & catering, coach maintenance, linen etc.
7.Security Helpline 182 already functional to report any unsavoury incidents. This service is very important public service and may play an important role in emergencies like crime against women, onboard unlawful activity, train accidents, medical attention required and fire etc.
8.An application and a portal to redress railway related complaints has been developed where online tracking of complaints is also possible.
9.Operation 5 minutes launched i.e. to purchase unreserved tickets within 5 minutes. It has been launched as pilot project on Chennai suburban railway where passengers can buy paperless unreserved tickets on their mobile.
10.Instructions have been issued for differently-abled travelers to purchase concessional E-tickets after one time registration.
11.E-ticketing portal in Hindi is ready for launch.
12.E-catering has been introduced. This is a service where a passenger is able to place an order for a meal, to be served at his seat in the train enroute, through a phone call or an SMS. Presently this service is available in 134 pairs of trains.
13.Online booking of retiring rooms functional.  
14.73 pairs of trains have been identified for introducing hand-held terminals to TTEs. Supply is expected to be received by the end of May, 2015.
15. SMS alert for advance arrival of train at destination functional.
16. Centrally managed railway display network is ready for technology demonstration.
17. Pilot project for providing surveillance cameras has been launched in ICF.
18. On board entertainment has been started on Kalka Shatabdi. It is now being extended to other trains.
19.Instructions have been issued to provide mobile charging facilities in all new general class coaches. Mobile charging facilities will be provided in 3000 existing coaches in 2015-16.
20.Quota for lower berths for senior citizens increased from 2 to 4 per coach.
21. E-concierge services started in 22 railway stations.
22. 05 trains have been identified for augmentation of capacity from 24 to 26 coaches.
23. Instructions issued for TTEs to help senior citizens/pregnant women to get lower berths.
24. Instructions have been issued for reserving middle bay for women & Senior citizens.
25. Perishable Cargo center as Azadpur Mandi inaugurated. This perishable cargo centre will help farmers and consumers in a big way and the ripening of fruits and cold storage facilities at this cargo centre will help the farmers get a good price and good market for their product.  
26.  New instructions have been issued on 10th April, 2015 to liberalize the private freight terminal policy.
27.  All pending recommendations made by Kakodkar committee on safety have been examined by the Railway Board.
28. Kayakalp Council formed. Noted Industrialist Shri Ratan Tata to head this Council. The purpose of the Council is to recommend innovative methods and processes for the improvement, betterment and transformation of the Indian Railways.
29.Taskforce has been constituted for drafting the IT vision for Indian Railways.
30.A committee under Shri Ajay Shankar has been constituted for revamping of the PPP cell.
31.MoU for creating a SPV signed in between Ministry of Railways, Ministry of Coal and Government of Odisha. It will help expedite Railway connectivity projects for coal transportation in Odisha.
32.MoU with LIC signed. It is a landmark achievement with Life Insurance Corporation (LIC) providing highest ever funding of Rs. 1.5 lakh crore for Railways. This move will ultimately help railways growth through augmentation of its financial resources.
33.Rail connectivity to Dighi Port approved through PPP.
34.Instructions issued for organizing training of frontline staffs on soft skills.
35.Negotiations for financing railway projects through World Bank commenced.  
36.The process for putting in place a regulator has been initiated.
37.MoU signed for Railway Research Centre at Mumbai University.
38.MOU with National Institute of Designing signed. Under this, Railway Design Centre will be set up in the campus of National Institute of Design (NID), Ahmadabad. This will help improve customer’s happiness by way of better designed coaches and providing cost effective solutions to problems faced by passengers during train travel. 
39.MoU for creating a SPV signed in between Ministry of Railways, Ministry of Coal and Government of Jharkhand. It will help expedite Railway connectivity projects for coal transportation in Jharkhand.
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Sunday, 3 May 2015

11:29

Haryana to enter into SPV with Indian Railways to strengthen the Railway Network in the State

Haryana to enter into SPV with Indian Railways to strengthen the Railway Network in the State

Chandigarh (CDG): Haryana government today announced that it will enter into a partnership with Indian Railways by forming Special Purpose Vehicle to strengthen the rail network in the  state. A MoU in this regard will soon be signed between both  the Stake holders.

The Chief Minister was addressing the mediapersons on the completion of six months of the present BJP Government in the  State here today said that “he had met the Union Railways Minister, Suresh Prabhu twice and requested him to complete all the pending rail projects in the State be it the start of new trains, electrification of existing railway lines and construction of Railway Over Bridges (RoB) and Railway Under Bridges (RuBs).”

He said that under the Central Government’s new Land Acquisition Act, barring defense projects, affordable housing, infrastructure, industrial corridor, railways etc, no land would be acquired without the farmer’s consent.

Mr Khattar said that the State Government would announce its new Industrial Policy within next 15 days which would spur growth in all districts of the State and also generate ample employment opportunities for youth. The new industrial policy would aim at the growth of all industries especially Micro Small and Medium Enterprises (MSMEs).

While referring to the Swachh Bharat Abhiyan (SBM), he said that the first meeting of Sub Group constituted for the implementation of this programme headed by Andhra Pradesh Chief Minister N Chandrababu Naidu on the SBM has been held yesterday at New Delhi which was also attended by him.

He also said that on his request, the next meeting of this Sub would be held at Chandigarh in the month of May where Ministers and Chief Ministers of about ten States would participate. He said that to inculcate the spirit of cleanliness among the children, the State Government is considering to start one period on Swachhta in schools from first to 10th standard.
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Thursday, 2 April 2015

20:33

Posco seeks Refund from Odisha Rail Line Undertaking

Posco seeks Refund from Odisha Rail Line Undertaking

Bhubaneswar (BBS): South Korean steel giant Posco has sought refund from a rail line undertaking to be set up in partnership with Odisha government citing change in company law but said it wasn’t pulling out from the USD 12 billion steel project in the state.

“For railway (SPV) we cannot continue keeping deposit any further due to changed company law,” Posco India Spokesperson IG Lee said.

Posco had joined hands with the state government along with SAIL, Rail Vikas Nigam and other players in 2006 to form a Rs 590 crore special purpose vehicle (SPV) for development of a 78-km long Paradip-Haridaspur rail line in Odhisa.

Denying reports that the company is pulling out from the multi-billion project in the state, he said: “We are still on Odisha project. Money refund is not for the steel plant land. Rail Infra refund is as per the changed company law last year.”

Lee also said six employees have “voluntarily” resigned and denied it was any sign of Posco pulling out from the project.

The steel maker’s proposed USD 12 billion project at Jagatsinghpur district in Odisha for producing 12 million tonne per annum (MTPA) is viewed as the largest FDI in India.

It has, however, been stalled for about a decade on account of regulatory hurdles, including delays in land acquisition.

Posco had entered into a pact with Odisha government on June 22, 2005 for the plant, which included iron ore mine development.

However apart from the delays, in a fresh blow to the company, last month the Centre said the company would be required to participate in auction to get iron ore mines to feed its facility instead of direct allotment as assured earlier.

Steel Minister Narendra Singh Tomar had said that the company, which was assured Khandadhar iron-ore mine via dispensation route will have to participate in the auction process to get a mining lease.

Posco was previously promised the Khandadhar iron ore mine by the state for its mega steel plant, considered as the biggest FDI in India, but the actual allocation never happened due to delays in regulatory approvals.

Although the company has a memorandum of understanding with the Odisha government that assured allocation of mining leases, the passage of a Bill in Parliament that made allocation of all mines through auction route only, the agreement with the state will have no value.

In 2013, Posco had scrapped the 6 MT steel project in Karnataka over land and mineral hurdles. The Odisha project was also scaled down to initial 8 MT after it failed to acquire the desired quantity of land.

Last month POSCO had inaugurated a USD 709 million steel mill in Maharashtra to scale up its presence in the country.
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Friday, 26 September 2014

07:42

Chennai Metro Rail invites applications for recruitment for various posts

Chennai Metro Rail invites applications for recruitment for various posts

Chennai (MAS): The Chennai Metro Rail Limited (CMRL), Chennai, Tamil Nadu has invited applications for recruitment to various manager posts. The government of Tamil Nadu created a Special Purpose Vehicle (SPV) for implementing the Chennai Metro Rail Project. This SPV was named as “Chennai Metro Rail Limited”.

VACANCIES

A. Total Posts: 1 B. Name of the posts: Deputy General Manager/General Manager (Signal)

ELIGIBILITY

A. Age Limit: Applicants’ age should not exceed 55 years. Relaxation in age would be provided as per the rules.

B. Educational Qualification: Those applying for the job should be an IRSEE Officer (JAG/SAG Level) with minimum 10 years of experience in Signal field.

HOW TO APPLY

A. Those interested are required to send their applications and relevant documents to ‘The General Manager (HR), CMRL Depot, Admin Building, Poonamallee High Road, Koyambedu, Chennai – 600107′.

B. Important Dates: The last date to submit the application form is September 30, 2014.


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