Business Daily from THE HINDU group of publications Wednesday, Dec 13, 2006 ePaper |
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Logistics
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Railways `Intercontinental rail links will cut transportation cost, time' Our Bureau
New Delhi , Dec. 12 The Railway Board Chairman, Mr J.P. Batra, who was recently elected as the first non-European Chairman of the International Union of Railways (UIC), has stressed on the need to develop intercontinental rail freight corridors. The UIC is a non-Governmental organisation with 224 railway operators as members. He pointed out that rail links linking India with South East Asia via Myanmar could bring down the transportation costs and time roughly by 50 per cent each as against the present shipping costs. Mr Batra was referring to the Trans Asian Rail corridor endorsed by the United Nations' Economic and Social Commission for Asia and the Pacific Commission under its Asian Land Transport Infrastructure Development project. The Northern Corridor includes rail links across China, Kazakhstan, North and South Korea, and the Russian Federation. The Southern Corridor involves Bangladesh, China, India, Iran, Pakistan, Sri Lanka, Thailand and Turkey. The North-South Corridor involves Armenia, Azerbaijan, Finland, Iran, Kazakhstan, the Russian Federation, Turkmenistan and Uzbekistan.
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