December 03, 2008

Indian Railways to procure 20,000 wagons

PTI reported that Indian Railways is going ahead with their plan to procure 20,000 wagons during current financial year 2008-09.

Mr KC Jena chairman of railway board said that "Indian Railways will procure a record 20,000 wagons during 2008-09 to meet the shortage of wagons during the peak time demand."

He added that a key concern of the customers regarding the inability of Indian Railways to meet peak time demand during January to March 2008 period due to shortage of wagons is being addressed in the coming years. Besides, rolling stock with higher capacity is also being inducted.

Mr Jena said that induction of 250 diesel locomotives and 220 electric locomotives has been planned for the next year and process has also been initiated for procurement of high horse power locomotives through JV route.

In order to encourage private investment in procurement of wagons and development of freight terminals, Indian Railways are initiating various schemes including liberalized wagon investment scheme, wagon leasing scheme and terminal development scheme. Indian Railways are also planning to develop multi logistic parks to cater to freight traffic requirements.