Announcement

Tuesday, August 25, 2009

Indian Railways may carry even iron ore in BOBR wagons

Mr Sri Prakash member traffic of Railway Board has hinted that even iron ore may be carried in BOBR wagons that are now being used only to transport coal. Modifications in the wagon investment scheme were also under consideration.

Mr Prakash held an interactive meeting with the captains of industry.

Mr Prakash indicated that the originating freight target for the current fiscal had been set at 882 million tonnes but the Railways would try to achieve 900 million tonnes.

He said that "If the Railways are to achieve the targeted 1,100 million tonnes by the end of the 11th Plan, it has to transport an additional 100 million tonnes of freight traffic each year for two years and this poses a big challenge for the Railways.”

Earlier Mr Harsh Pati Singhania president of the Federation of Indian Chambers of Commerce and Industry suggested that while the Railways should explore ways and means to generate more resources to fund its various projects, it should desist from taking measures such as the out-of-the-Budget hike in freight rates by changing the classification.

(Sourced from Exim News Service)

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