Railway Minister inaugurates key freight sector initiatives of Indian Railways

Posted by Daily Shipping Times on 03-03-2017        Tweet

NEW DELHI: Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated following key freight sector initiatives on 02-03-17 at National Rail Museum, New Delhi:-

1.            Policy of ‘Long Term Contracts’ with major customers.

2.            Indian Railways Freight and Passenger Business Action Plan - 2017-18.

3.            Confirmation trial of Double stack Dwarf Container Train under wire- a New Delivery Model.

4.            The demonstration run of Ro-Ro (Roll on – Roll off) service across the National Capital Region- A Pilot project of Indian railways for ‘ Green Transportation’ – to reduce road congestion and improve environment.

Chairman, Railway Board, Shri A. K. Mital, Member Traffic Railway Board Shri Mohd. Jamshed, other Railway Board Members, General Manager, Northern Railway Shri R.K. Kulshreshta and senior officials were also present on the occasion.

Speaking on the occasion, Minister of Railways Shri Suresh Prabhakar Prabhu said that over the years, Railways share in Country’s total traffic has reduced substantially. Railways earns its two third revenue from freight only and primarily from the transportation of eight commodities. In the wake of Global slowdown, transportation sector is the biggest sufferer. It has affected Railway’s freight earnings. However despite these challenges, Indian Railways has done well to improve its freight loading. During the last two years, Minister of Railways has been constantly changing its freight policies and rationalizing them in consultation with all stakeholders with a view to attract more freight towards Railways. For these changes, Indian Railways has adopted market oriented approach to make traffic policies. These landmark reforms in freight policy are in line with the budget announcements.

He also inaugurated Roll-on Roll-off (RO-RO) service from Gurugram to carry loaded trucks on wagons to decongest roads in NCR region.

About 30 loaded trucks were transported on the flat wagons from Garhi Harsuru station in Gurugram for Muradnagar in Uttar Pradesh.

The business plan envisages commissioning 100 new freight terminals, introduction of double stack dwarf containers and firming up long term agreements with freight customers.