Financial Daily from THE HINDU group of publications
Sunday, May 21, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Logistics - Railways


Proposed SPV to be a `company'

Our Bureau

New Delhi, May 20

The proposed Special Purpose Vehicle (SPV) to plan, construct and maintain the dedicated freight corridor of Indian Railways, would take the form of a company under the Companies Act, 1956, said Mr R. Velu, Minister of State for Railways in a written reply to a question in the Rajya Sabha on Friday. The SPV is proposed to start functioning in 2006-07 and will be under the administrative control of the Ministry of Railways, with the Ministry holding majority share in the SPV, he stated. It is proposed to set up a SPV to plan, construct and maintain the dedicated freight corridors on Eastern and Western Routes. Meanwhile, a task force in Planning Commission has recommended that the SPV would own tracks and other infrastructure, apart from moving the trains within the corridor on its system.

More Stories on : Railways

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
No decision yet on FDI in Kolkata, Chennai airports


Shipyards' order book stands at Rs 10,000 cr: Baalu
Proposed SPV to be a `company'
3-phase loco documents converted to e-format
Panel favours splitting road cess revenues based on usage
Bandra-Worli sea link to be ready by 2008



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line