Blog Entry# 1950393
Posted: Aug 03 2016 (10:17)
Last Response: Aug 03 2016 (10:17)
Commentary/Human InterestSR/Southern -Aug 03 2016 (06:44) Railways to get assets insured against floods
rdb*^ 133024 news posts
Railway Board has also asked zones to adopt modern techniques to monitor landslides, behaviour of rivers that pose danger to railway embankment.
The Railways has decided to opt for flood insurance to protect its assets in the event of natural calamities. According to the Disaster Management Plan, 2016, each zone will undertake a pilot project to implement the flood insurance policy by engaging suitable consultants.
Southern Railway, which suffered huge losses during last December’s devastating floods here, has estimated assets worth about Rs. 12,000 crore that include movable and immovable properties. During last...
Aug 03 2016 (10:17)
For Better Managed Indian Railways~ 1933 blog posts
Insuring the railway assets against damage caused by floods is good.
But prevention is always better than cure. Why to allow floods to damage assets and face all the inconveniences, operational losses and then repair and wait to get amount of compensation??
I Rlys have an ocean of qualified and experienced technical personnel. It would be better that all the existing railway lines be surveyed extensively in phases. And plans be made to improve the track through minor re-alignment/ regarding/ provision of culverts etc at strategic locations so as to improve the track...
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