Loco factories to be built on PPP basis by puneetmafia on 26 June, 2012 - 12:00 PM | ||
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puneetmafia | Loco factories to be built on PPP basis on 26 June, 2012 - 12:00 PM | |
Railways' two proposed locomotive factories at Marhaura (diesel) in Saran and at Madhepura (electric) are to be built on public private partnership (PPP) basis. Railway minister Mukul Roy has given his nod to the two long-pending projects.According to a Railway Board official, the Cabinet committee on economic affairs had approved the two locomotive factories in 2007 itself. But work on these two factories has not started so far. He said railways is likely to shortlist bidder for these two factories through international committee bidding (ICB) in July or August this year.According to sources, railways would require about 2,000 electric locomotives annually for both passenger and goods trains by 2015-2016. It has been introducing several pairs of passenger trains across the country every year. The two proposed factories at Madhepura and Marhaura would meet the requirements of railways in future, sources said. A board official said railways would complete these factories in about 36 months from the date of agreement with private firms. While an electric loco manufacturing factory at Madhepura would be completed at an estimated cost of Rs 1,294 crore, the diesel loco factory at Marhaura is to be built at a cost of Rs 2,025 crore, he said. |