Blog Entry# 1950257
Posted: Aug 03 2016 (09:01)
Last Response: Aug 03 2016 (09:01)
Commentary/Human InterestAug 03 2016 (07:11) 'Railways’ contract system needs overhaul'
rdb*^ 133171 news posts
The contract system of the Indian Railways needs an overhaul coupled with the need for greater transparency from the industry, top Railway Board officials said on Tuesday.
“The present contract system of IR functioning need to be reviewed to see whether they can still serve the purpose and deliver. But what is also required is full transparency from the industry,” said S. Mookerjee, Financial Commisioner, Railway Board at an event organised by Confederation of Indian Industry (CII) here.
He said the Indian Railways spends about Rs 1 lakh crore annually towards contractual payments...
Aug 03 2016 (09:01)
For Better Managed Indian Railways~ 1933 blog posts
Today cost per km of new line is estimated at Rs 10 crores/annum where as about 10 years back it used to be in the range of 1-1.5 Crore Rs/KM. The cost of steel & cement has increased at much slower rates.
Design speed of BG track is usually 160 kmph and new track is seldom found fit above 110 kmph.
Almost all (barring a few) projects are completed with much delay and cost overrun.
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