Tuesday, April 21, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Contractors give feedback on rail projects

Fiinews by Fiinews
January 19, 2018
in Investment, Projects, Technology
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Goyal gets list of project implementation concerns

The Indian constractors and consultants have expressed strong concerns about railway projects during a meeting with Minister Piyush Goyal, according to a 18 Jan 2018 press note.

Top management of 400 construction and consultation companies attended the “Mega Conclave Of Ministry Of Railways”.

The pointed out:

Concerns on contract management, improving cash flows, execution of projects, expediting the inspection of various items to be procured from Research, Design and Standards Organization (RDSO) approved vendors, adoption of FIDIC documents by Railways, delay in acquisition of land, problems in obtaining licenses of minor minerals, suggestions for reducing the time and cost over-run, expediting the payments of the contractors, risk sharing between the employer and the contractor, increased requirement of training of technical manpower, availability of traffic and power blocks, proper estimation of quantities at the time of inviting tenders.

Responding, Railway Minister Goyal has assured of follow up and necessary changes in the systems to implement the Ministry’s ambitious investment programme.

The Ministry’s main focus is on developing Rail infrastructure to meet the ever increasing transport needs and a huge investment in the sector.

The pace of augmentation of railway network needs a quantum jump. The speed of execution of doubling/tripling and quadrupling which is about 800 kms per annum for the last 5 years, needs to be accelerated 2 to 3 times to meet the increasing demand.

Completion of electrification of the full rail network in the next 3 to 5 years. So far out of 63,000 rail km (RKM), 25,201 RKM have been commissioned on electric traction till 31st March 2017.

The average pace during last five years is about 1,300 RKMs per annum which needs to be increased by 6 to 8 times to electrify remaining 38,000 RKMs to meet the ambition of complete electrification.

Taking up of Hill Rail Projects, including Rishikesh-Karanprayag, Char Dham rail connectivity, Bhanupalli-Bilaspur and on to Leh.

Completion of ongoing and proposed Dedicated Freight Corridors.

Mumbai- Ahmedabad High Speed Rail Corridor and other projects on Diamond Quadrilateral to link the major Metropolitan Cities.

Goyal held the conclave as a step to streamline procedures and remove bottlenecks to ensure the fast track implementation of projects on the railways. fii-news.com

Tags: Ministry of RailwaysPiyush Goyal
ShareTweetShare

Related Posts

INSA
Investment

Invest: Cabinet approves maritime’s Rs.12980cr BMI

by Fiinews
April 19, 2026
0
23

Insurance to cover risk of cargo loss The Cabinet has approved a proposal for creation of a domestic insurance pool,...

PIB
Projects

Project: NLDS to promote MSMEs’ data policymaking

by Fiinews
April 19, 2026
0
23

Collaboration aims to establish a robust digital framework, says Ministry The Ministry of Micro, Small, and Medium Enterprises (MSME) has...

NLDS

Project: NLDSL works on Maharashtra’s Logistic

April 19, 2026
19
PIB

Tech: 10 AI startups head for Paris competition

April 19, 2026
14
Advantage Austria

Invest: New Delhi FTM for companies-investors

April 19, 2026
19
Wipro Ltd

Tech: AI reshaping client priorities, says Wipro

April 18, 2026
24
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: CAMSO ready for European projects
  • Manufacture: Work starts on 3D Glass unit
  • Tender: Rs.90,000cr projects under construction
  • Tender: PMGSY-III approved till Mar 2028
  • Tender: Cabinet approves 2 rail projects

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.