Financial Daily from THE HINDU group of publications
Tuesday, Feb 26, 2002
Financial Daily from THE HINDU group of publications Tuesday, Feb 26, 2002 |
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Logistics
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Railways `Rs 290 cr spent to develop North Frontier Raiways' Our Bureau
GUWAHATI, Feb. 25 THE newly appointed General Manager, the Northeast Frontier Railway (NF Railway), Mr Vipan Nanda, has told media persons that a total investment of Rs 290.48 crore was made during 2001-02 for development of NF Railway under different heads including new lines at Rs 110 crore and gauge conversion at Rs124.48 crore. Referring to new projects, he said that the Railway Board had ordered only last week a feasibility study of a 30-km rail link to Byrnihat in Meghalaya from Azara near Guwahati airport in the coming six months at an estimated cost o f Rs 180 crore. . The RITES is conducting the final location survey for the233-km New Maynaguri Jogighopa additional line project at an estimated cost of Rs 733 crore, he said. And that the Rs 1,600-crore Diphu-Karong project (123 km), connecting Brahmaputra valley with Manipur valley, in all probability, was frozen for strategic reasons and instead a shorter and less expensive alternative connecting Jiribam with Imphal would be taken up shortly. Other on going projects, he said, were Eklakhi-Balurghat (113 km) with an anticipated cost of Rs 226 crore, Kumarghat-Agartala (109 km) Rs 825 crore, Harmuti-Itanagar (22 km) Rs 156 crore, Bogibeel Bridge with road and rail links (84.35 km) Rs1,000 crore, Dudhnoi-Depa (15 KM) Rs 22 crore and completion of 142 KM Jogighopa-Guwahati and the Bridge at Jogighopa Rs 633 crore. In gauge conversion sector, the ongoing projects are Katihar-Jogabani (200 km) Rs 257 crore, New Jalpaiguri-Siliguri-New Bongaigaon (417 km) Rs 526 crore, Lumding-Dibrugarh including branch lines (628 km) Rs 700 crore, Lumding-Silchar-Jiribam (292 km) Rs 696 crore and Katakhat-Bhairabi (84 km) Rs 200 crore. Referring to the earning of NF Railway, he said there had been perceptible improvement in its earnings though the working expenses had also increased during the last three years. The Railway earnings during 2001-02 are expected to touch Rs 860.29 crore against Rs 683.84 crore of 1999-2000. But working expenses should rise from Rs 1,380 crore of 1999-2000 to Rs 1754.34 crore thereby leaving a huge gap of Rs 894 crore, he said. The petro-products carrying target for the current year is fixed at three million tonnes.
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