Stephen Cohen
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Dubbed as the first big ticket project under 'Make in India' initiative in the public transporter, GE and Alstom were issued the letters of award for the high value contract acceptance letters, according to a senior Railway Ministry official.
The mega projects approved since 2007 by the then Railway Minister Lalu Prasad, got mired in controversies, years of red tape and indecision by successive ministers, finally saw the light of the day during ..
Read more at:
GE, Alstom get contracts for Marhora, Madhepura loco projects - The Economic Times
Indian Railways has a very meagre profit margin
because of massive subsidisation of goods and passenger traffic
The Central government gives the Railways some grants and Loans but that is NOT enough
Now this new Public private partnership route is being tried
The Private sector already makes Railway goods Wagons
and passenger coaches which are purchased by Railways
Now it is the turn to get LOCOS from the Private sector
@Muhammad Omar
The Capital expenditure Incurred by Railways under various heads are
1 New Tracks
2 Replacing Old Tracks
3 Repairing and Making new Bridges Tunnels and culverts
3 Converting Metre Gauge lines to Broad Gauge
4 Expenditure on Signalling and Communication
5 Electrification of Tracks wherever necessary
These above activities are NON profitable activities
So Private sector will NOT touch them ; Railways has to finance them from its own money
--------------------------------------------------------------------------------------------------------------------------------------------------
6 Making MORE Locos and coaches and wagons
Only this activity is profitable Hence Private sector INVESTMENT is coming in
for making Locos ; coaches and wagons
The mega projects approved since 2007 by the then Railway Minister Lalu Prasad, got mired in controversies, years of red tape and indecision by successive ministers, finally saw the light of the day during ..
Read more at:
GE, Alstom get contracts for Marhora, Madhepura loco projects - The Economic Times
I know India makes CNG locos to... But still if India can make 4500 HP locos invest some money to build a plant of 6000 HP Locos cheaper engines more people will get jobs etc
Demand can be meet all it needs money and India has plenty of it...
IF 1000 engine are coming with JV then the best deal
Indian Railways has a very meagre profit margin
because of massive subsidisation of goods and passenger traffic
The Central government gives the Railways some grants and Loans but that is NOT enough
Now this new Public private partnership route is being tried
The Private sector already makes Railway goods Wagons
and passenger coaches which are purchased by Railways
Now it is the turn to get LOCOS from the Private sector
@Muhammad Omar
The Capital expenditure Incurred by Railways under various heads are
1 New Tracks
2 Replacing Old Tracks
3 Repairing and Making new Bridges Tunnels and culverts
3 Converting Metre Gauge lines to Broad Gauge
4 Expenditure on Signalling and Communication
5 Electrification of Tracks wherever necessary
These above activities are NON profitable activities
So Private sector will NOT touch them ; Railways has to finance them from its own money
--------------------------------------------------------------------------------------------------------------------------------------------------
6 Making MORE Locos and coaches and wagons
Only this activity is profitable Hence Private sector INVESTMENT is coming in
for making Locos ; coaches and wagons