India establishes High-Speed Rail Corporation

Discussion in 'Economy & Infrastructure' started by Chanakya's_Chant, Nov 1, 2013.

  1. Chanakya's_Chant

    Chanakya's_Chant Regular Member

    Joined:
    Jul 23, 2013
    Messages:
    23
    Likes Received:
    46
    Location:
    India
    India establishes High-Speed Rail Corporation​


    [​IMG]

    INDIAN Railways Minister Mr Mallikarjun Kharge announced on October 29 that the country has established a High Speed Rail Corporation (HSRC) to prepare financial and implementation models, including the preparation of project-related studies and development of technical standards, for high-speed rail in India.

    High-speed rail has been under discussion in India for the last 17 years, but appeared to take the first concrete step forward earlier this month, with the signing of a memorandum of understanding between Indian Railways and the Japan International Cooperation Agency (JICA) for a feasibility study into the construction of a 540km high-speed line between Mumbai and Ahmedabad.

    A preliminary study carried out by consortium of Rites, Italferr, and Systra, estimated the cost of the project at Rs 700bn ($US 13.2bn).

    "High speed plans are very much on the fast track now," says HSRC chairman Mr Satish Agnihotri, who also chairs IR's project unit Rail Vikas Nigam, the parent company of HSRC.

    IR plans to set up a High Speed Rail Authority (HSRA) as a regulatory body which will supervise administrative, institutional, and financial issues. "The HSRA will be set up shortly," Railway Board chairman Mr Arunendra Kumar confirms.

    IR is also working on plans to strengthen and upgrade track and signalling systems to increase speeds for long-distance passenger trains from 120km/h to 160-200km/h. A Japanese-sponsored study is being carried out to look at the possibility of running Rajdhani trains at up to 200km/h between Delhi and Mumbai.

    India's high-speed plans are likely to gain momentum after the forthcoming general election, which will be held in May 2014.

    Source:- India establishes High-Speed Rail Corporation | International Railway Journal
     
    happy, sesha_maruthi27 and W.G.Ewald like this.
  2.  
  3. drkrn

    drkrn Senior Member Senior Member

    Joined:
    Apr 15, 2010
    Messages:
    2,455
    Likes Received:
    898
    Location:
    visakhapatnam
    old news.already posted
     

Share This Page