Railways to execute three big-ticket projects

Besides the Rae Bareli factory, approval was also given to the Madhopura Electric Locomotive Factory in Bihar and the Mohowra Diesel Locomotive Works in West Bengal.

Briefing reporters after a cabinet meeting, Home Minister P.Chidambaram said the railways would be spending Rs.1,685 crore (Rs.16.85 billion) on the Rae Bareli venture.

“In the case of the Madhopura venture, the response for a joint venture partner has been poor, perhaps because of the meltdown. This will now be executed departmentally,” Chidambaram said.

“Initially, 50 locomotives of 12,000 HP will be imported before manufacture commences after transfer of technology,” he added.

The railways will spend Rs.18,000 crore on the project, which will manufacture 1,000 locomotives, many of which will be used on the proposed western and eastern dedicated freight corridors.

In the case of the Rs.2,052 crore Mohowra unit, the railways will initially import 50 locomotives of between 4,500 and 6,000 HP before production commences.

http://www.newkerala.com/topstory-fullnews-98829.html

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