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Railways to induct 20000 Wagons

 

New Delhi, Apr 2, 2008

The last four years have seen rise in the Railways' share in the transportation of steel, cement coal and other commodities. To maintain the progress, IR has decided to set up a strategic business unit in the Railway Board for coal, cement, steel and container traffic to facilitate timely settlement of all problems faced by clients through a single window system.

 

Announcing this at a news conference here today, Chairman of the Railway Board K C Jena said necessary efforts were being made to enhance cooperation with various important sectors of the industry and improve customers' satisfaction.

During 2007-08,provisional trends show that a record loading of 794 million tonnes (MT) has been achieved by the IR.This exceeded the initial budgeted target for 785 MT and the revised estimate of 790 MT registering a growth rate of 9 per cent compared to the previous year, Mr. Jena said.

The strategy of the IR for the 2008-09 financial year is to transport 11,00 MT of revenue earning freight traffic by the terminal year of the 11th Plan which ended on March 31.The thrust henceforth will be to consolidate the position gained so far by equipping the system for higher growth, he said.

A key concern of the customers regarding the inability of IR to meet the peak demand for freight traffic from January to March was due to shortage of wagons. The problem was being

sorted out and the IR has planned to procure a record 20,000 wagons in 208-09.Besides, rolling stock with higher capacity is being inducted to improve throughput .Induction of 250 diesel locomotives and 220 electric locomotives has been planned for the next fiscal which commenced yesterday. Process has also been initiated for procurement of high horse power locomotives, both diesel and electric, through Joint Venture (JV) route, he added.

IR intends to liberalise traditional empty flow direction scheme and offer attractive lean season discounts to capture more traffic during the lean season. To encourage private investment in the procurement of wagons and development of freight terminals, Liberalised Wagon Investment Scheme, Wagon Leasing Scheme and Terminal Development Scheme are being launched. IR also plans to develop Multi –Logistics Parks to cater to the freight traffic requirements, the Railway Board Chairman said.

 

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