Delhi-Mumbai Industrial Corridor | Approved

[Marathaman]

Wow - look at the density of UP+Bihar. Clearly, India is going nowhere until that region sees major urbanization.

[GJ10]

Cabinet Flags off Rail Freight Corridor

New Delhi: The ambitious project to build a dedicated rail freight corridor running down a western corridor from New Delhi to Mumbai was put back on the tracks by the Union cabinet on Thursday, when it approved a Rs17,700 crore conditional loan from Japan to help build it.

The project is expected to decongest existing railway lines, catalyze industrial investments of around $50 billion (Rs2.4 trillion) and create new jobs along the rail route.

The western corridor is one-half of a marquee infrastructure project first conceived in 2005 by the first United Progressive Alliance government. It comprises two lines being constructed by the railways to transport goods and will connect India’s largest port in Mumbai to Delhi through the western corridor (1,483km) and link Dankuni in Bihar with Ludhiana in Punjab through the eastern freight corridor (1,806km).

The plan to build these two freight lines was derailed after the government was unable to resolve funding issues and the terms of Japanese assistance.

The financial assistance from Japan will start with funding a rail line, which will run on the western arm of the corridor between Rewari in Haryana and Vadodara in Gujarat.

“The Japanese overseas development assistance is going to be (a) soft loan with an interest of only 0.2% per annum with a long repayment period of over 30 years and a moratorium of 10 years,” said information and broadcasting minister Ambika Soni while addressing journalists after the cabinet meeting.

The loan comes with certain conditions—all prime contractors must be Japanese firms, while nearly one-third of the total contracts should go to Japanese companies.

Some government departments have in the past questioned the conditions, saying acquiring Japanese equipment for even a portion of the corridor could mean India would have to use similar equipment for the rest of the project.

“This (the dedicated freight corridor) was there for the last two-three years. But it had some conditions and I think there was some disagreement between the railways (and other departments). It could have a major impact because if the project gets off, it’s not only that the freight gets faster, but also the Delhi-Mumbai industrial corridor will get a fillip because you can’t have an industrial corridor without a freight corridor. Also, while there will be other forms of financing needed, the fact that anchor financing is available will make a difference,” said Arvind Mahajan, an executive director with audit and consultancy firm KPMG’s advisory services.

The western corridor will be financed through a debt to equity ratio of 2:1, with debt being raised from bilateral and multilateral sources such as the Asian Development Bank and the World Bank.

The railways too will also contibute to the project funding.

[patentneer]

Open Letter, in Public Interest, to DMIC Mgmt. re: the non-issue of Pantograph's


Dear All,

Urgently note re: obsolescense of pantographs, frames, wires and paraphernalia thereof!

Technology has moved on. Pantographs etc. is on the way out. Commercial hybrid technology has now found application in diesel-electric locomotives. A small diesel powers batteries in parrallel or series in a stack or along the lenthg of the entire rake. A front-back or distributed propulsion entails motors all along the rake powering individual, sets or pairs of wheels in sync or otherwise for braking, using local networking, gps etc. to 'manage' the rake. No need for overhead wires, pillars, frames, pantographs etc.

In the best of public interest, feel free to evaluate said non-pantograph diesel-electric rakes at phenomenal cost savings to DMIC, and therefore India. It is understood that publicly funded projects are subject to 'costs escalation' generally promoted by political masters, never mind the savings in time, enhanced safety and better efficiency, ... to mitigate such vested interests who may sabotage adaptation of new diesel-electrics on DMIC and lose the pantographs and associated wires, frames etc., I propose to follow-up (monitor) and herein publicly motivate the govt. to engage, heretofore, in enhanced public-govt. partnership right in this forum. Please address your responses to this forum, I aim to build caucus, and facilitate authentic transparency. We want to re-generate India, enough of degeneration!


Pavan C. Joshi

Ppl., please ... I need a feedback loop on this, comments, replies, critiques welcome ... we need a support group on this ... we need caucus ... sub-commitees, oversight group, a PR group, Liasion Commitee ... wake-up!

Any organisation champions out there?

[patentneer]

I intend to cc said open letter to DMIC mgmt.

Ø The Directors of the Board consist of the following:

i) Shri Ajay Shankar, Secretary, DIPP
ii) Shri Gopal Krishna, Joint Secretary, DIPP
iii) Dr.Amit Mitra, Secretary General, FICCI
iv) Shri O.P. Agarwal, Managing Director, IL&FS Infrastructure Development Corporation Limited
v) Shri Abhaya Krishna Agarwal, Sr. Vice President, IL&FS Infrastructure Development Corporation Limited
vi) Shri Jai Prakash Batra, Ex Chairman, Railway Board
vii) Shri Athar Shahab, Dy. Managing Director, IDFC Projects Ltd.

Official dmic india site up now ...google it ... heyy .. someone pls. post ... e-mails of mgmt. & executive here ... I saw 'em listed somewhere maybe dmic on-site .. not running too good rg8 now ....

[patentneer]

.


I've .. hehe .. 'cleaned them up' for 'yer pleasure
... simply 'cut-paste' from here ...


md@dfcc.in, secy.md@dfcc.in, dir.fin@dfcc.in, dir.opnbd@dfcc.in, dir.pp@dfcc.in, cs@dfcc.in, ggm.engg1@dfcc.in, ggm.engg2@dfcc.in, ggm.hr@dfcc.in, ggm.fin@dfcc.in, ggm.design@dfcc.in, ggm.elect@dfcc.in, ggm.safety@dfcc.in, gm.adnrs@dfcc.in, gm.engg3@dfcc.in, gm.bd@dfcc.in, gm.snt@dfcc.in, cio.gmf@dfcc.in


Go .. .. get'm Viru ...

--
/>/\\//\/\/

[Kewl Batty]

Work on DMIC may begin soon

Sharmistha Mukherjee / New Delhi October 19, 2009, 0:57 IST

Bids to be invited for one dozen projects, to come up along the corridor.

Construction work on the Delhi-Mumbai Industrial Corridor (DMIC) may begin soon, as the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) is expected to invite bids for a dozen “early bird” projects, to come up along the corridor.

The corporation has identified 24 such early bird projects across Gujarat, Madhya Pradesh, Haryana, Rajasthan and Maharashtra.

These projects include development of a mega industrial park at Dholera, and a regional metro rail system connecting Gandhinagar-Ahmedabad-Dholera in Gujarat; an economic corridor along the link road connecting Indore airport to Pithampur, and a knowledge city in Ujjain district in Madhya Pradesh; a multi-modal logistic hub at IMT Maneswar in Haryana; a logistic hub at Bhiwadi in Rajasthan; a trans-harbour road-railway link project, rail connectivity of Mumbai Port Trust to Dedicated Freight Corridor and Inland Container Depot at Talegaon in Maharashtra, among others. Some of these projects will be put up for bids shortly.

The projects for which bids will be invited are part of the six investment regions (IRs) and six industrial areas (IAs). The first phase of the project is likely to be completed by 2012, and an estimated $100 billion will be invested to develop infrastructure in the IRs and IAs. Japanese companies are expected to invest over $10 billion in the proposed corridor during the first phase. The finance option of the remaining $90 billion has not been announced so far.

“This is the right time to invite bids. The sentiment is positive domestically as well as internationally,” said DMIC Chairman Ajay Shankar, who is also secretary of Department of Industrial Policy and Promotion. “We plan to host roadshows soon to attract funding. We have received good response from firms in Singapore, Korea and Taiwan,” he added.

Concurred Amitav Kant, the newly-appointed CEO of DMICDC: “The project is almost mapped on paper. Perspective plans are being firmed up.”

The six investment regions selected for development in the first phase include Dadri-Noida-Ghaziabad in Uttar Pradesh for general manufacturing, Manesar-Bawal in Haryana for auto-components and automobiles, Khushkhera-Bhiwadi-Neemrana in Rajasthan for general manufacturing, automobile, and auto component, Bharuch-Dahej in Gujarat for petroleum, chemicals and petro-chemicals, and and Igatpuri-Nashik-Sinnar in Maharashtra for general manufacturing.

The IAs include engineering and manufacturing hubs in Meerut-Muzaffarnagar (Uttar Pradesh) and Faridabad-Palwal (Haryana), and marble, leather and textile units in Jaipur-Dausa (Rajasthan) and Neemuch-Nayagaon industrial area in Madhya Pradesh.

While an Investment Region would be specifically delineated as an industrial region with a minimum area of 200 sq kms, an Industrial Area would be developed over 100 sq kms. These regions are proposed to be self-sustained industrial townships with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistic hubs, domestic and international air connectivity, reliable power, quality social infrastructure and a globally competitive environment for setting up businesses.

[Gotcha]

keeping all my fingers and toes crossed.

[patentneer]

Originally Posted by Gotcha

keeping all my fingers and toes crossed.

-

That's all ...

Y not e-mail them ... Globalise the issue, the Medha Patkar's & Vandana Shiva types do ... y not take the prerogative nominally away from those .... anarchists huhn !

U waiting for something ...

Wake-up, action time ..

/>/\\//\/\/

[GJ10]

Japanese Govt Commits Rs 130 Crore for DMIC

After a yawning gap, the multi-crore Delhi Mumbai Industrial Corridor (DMIC) got a fresh impetus on Tuesday when the Japanese government committed Rs 130 crore as engineering services loan (ESL) for the dedicated freight corridor project's crucial phase I. The news was welcomed by state industries and mines department.

Almost 38 per cent of the dedicated freight project lies in Gujarat. Halcrow Consultancy will submit project reports and feasibility studies for Gujarat by December this year, according to department sources. The total worth of the DMIC project is $90 billion.

ESL indicates that the multi-crore project is ready for contracting. The loan bears basic costs of preparing tender documents, socio-economic impact studies, setting up of standard parameters for designing the freight corridor. The process will be completed within a year. Besides, a Rs 50-crore budget was extended for overall project.

It was only in May this year that there was brief fallout between Union government after the Japanese government set strict conditions for funding the project. The conditions included a comprehensive sovereign guarantee by Union government for the project that will also extend to overdue charges, penal interest for delays, penalties for late repayment as well as payment of components, including taxes and duties components.

At least four projects from Gujarat have been projected as early bird projects, which include regional metro rail, Ahmedabad-Vataman-Pipli-Dholera six-lane highway, international airport and integrated mega industrial park in Dholera.

The dedicated freight corridor is 1,483-km long, of which 38 per cent lies in Gujarat while Rajasthan constitutes 39 per cent of the total length of the corridor. This dedicated freight corridor envisages a high-speed connectivity for high axle load wagons (25 tonne) of double stacked container trains supported by high power locomotives. This corridor will be equipped with infrastructure such as power facilities, rail connectivity to ports en route. A band of 150 km, the influence region, has been chosen on both sides of the freight corridor to be developed as the DMIC.

"Once Halcrow Consultancy submits its report, detailed engineering contracts will be drawn starting December this year. The dedicated freight corridor requires frequent reviews. Issues like constitution of special purpose vehicle also needs to be formed," says a senior official in industries and mines department.

From the DMIC website

Early Bird Projects - India

Gujarat:

1. Amdavad- Vataman- Pipli- Dholera- Bhavnagar Six Lane Access Controlled Highway (180km)
2. Regional Metro rail system between Gandhinagar- Amdavad- Dholera (120km)
3. International Airport between Amdavad- Dholera
4. Integrated Mega Industrial Park at Dholera

Madhya Pradesh:

1. Development of economic corridor along link road connecting Indore Airport to Pithampur.
2. Development of integrated multimodal logistic hub near Maksi
3. Continuous water supply and waste water management in Pithampur Industrial Area and
4. Knowledge City in Ujjain District.

Haryana:

1. Regional MRTS between Delhi-Manesar-Bawal with feeder service to enhance connectivity between Delhi and the upcoming manufacturing hubs.
2. Exhibition-cum-Convention Centre in NCR
3. Multi-modal Logistic Hubs at IMT Manesar
4. New passenger Rail Links; Palwal-Rewari via Bhiwadi, Farrukhnagar - Jhajjar

Maharashtra:

1. Connectivity of Alewadi Port by rail to Dedicated Freight Corridor and to Alewadi Port by 4 lane road to Mumbai – Ahmedabad Highway and to Mumbai-Nashik Highway
2. 4 lane Road Connectivity from Shirdi (Dist. Ahmednagar) to Igatpuri via Sinnar (Dist. Nashik)
3. Rail connectivity of Revas port and Dighi Port (Dist. Raigad) to Konkan Railway and 4 lane road connectivity of these ports to nearest National Highways
4. Trans Harbour Road – Railway Link Project
5. Inland Container Depot at Talegaon (Dist Pune)
6. Connectivity by 4 lane Road and Rail of Nevali Growth Centre (Dist. Thane) to Dedicated Freight Corridor
7. Rail Connectivity of Mumbai Port Trust to Dedicated Freight Corridor

Rajasthan:

1. Shahjahanpur – Neemrana – Behrore (SNB) Global City Complex
2. Central Spine connecting Global City with Bhiwadi-Tapukada Industrial Complex via Ajarka
3. Green Field Airport (Aerotropolis) Project
4. Water Resource Management for Investment Regions in DMIC
5. Development of Gas Grid in Rajasthan

Early Bird Projects - Japan

1. Captive Power Plant at Neemrana Japan Investment Park

Proposed to be located in Neemrana, Rajasthan
Project Organizer is Hitachi
Aims at non-water use method of power generation using GAIL gas and Hitachi technology
Shared Energy Centre would result in uninterrupted power supply, reduced power cost, etc.
Project status: Project feasibility study completed. Gas pipeline expected in March/April 2010. Hitachi was requested in the meeting held on 8th may to contact GAIL and appraise them of the project and probable demand for gas.

2. Neemrana Jet Stream Logistics Project

Proposed to be located in Neemrana, Rajasthan
Project Organizers are NYK Line India & NYK Logistics India
Container Depot is planned in 20 acres of land.
Road/rail connectivity requested by the organizers.
Project status: As requested by the Organizer, DIPP has already written to CBEC for provisioning of EDI facility for customs clearance at NYK ICD. In the meeting on 8th May, the organizers were requested to contact the authorities concerned and explain the volume of business and match their requirement with the plans of the authority.

3. Free Trade Warehousing Zone (FTWZ) Project

Proposed to be located in Greater NOIDA, UP
Project organizer is M/s MITSUI & Co. Ltd.
Development of global standard Logistics Platform connecting DFC
Draft MoU between GNIDA and MITSUI sent to State Government for approval
Land selected and awaiting approval of State Government
Project status: State Government requested to speed up the site selection.

4. DMIC Human Resources Training Project:

Project Organizer is Techno Brain Company
Program content to include Japanese language skills, Japanese work practices apart from skills for specific industries.
Project status: Study on skill development, technical progress, human outreach, software development etc in collaboration with Oriental Consultants under way.

5. Logistics Project in Haryana

Project organizer is M/s MITSUI & Co. Ltd.
This project was introduced in the Sixth Task Force meeting held on 13th July 2009 at New Delhi in place of the Integrated India-Japan Enclave Project in Haryana
Project status: New project. Progress awaited.

1st October Status - Click for Table

[patentneer]

.


Ppl. here seem confused ... re: GoI functioning.

DMIC is nice, really nice. Well thought out stuff ... a reasonable Indian mega-project.

This GoI of ours is a continuation of the East India Co. only. In a good way.
Sure there are 'social justice' ponderings, politicking, call them CSR scheme, however, real decisions are 'cost-benefits' based. GoI is among the biggest ... how-u-say ...scam in the world. Behind all the flim-flam, the GoI is the world's biggest owner/operator of world's biggest Co.'s like CIL, SAIL, NTPC, BSNL, NTC, HAL, HMT, FCI, SCI, NHAI, AAI, TV, Radio, STC. MMTC, Railways, Ports, Oil, Gas Co.'s, Banks, Insurance, fertilizer and real-estate Co.’s. All ‘legit’.

Too much business if you ask me.

Corp. India = Govt. of India (GoI), most ppl. think Corp. India is all about Tata-Birla. Both GoI Public Sector Corp.’s and Tata-Birla type Private Corp.’s are taxpayer funded by the way.

Point being, Indian mega-projects re: things like our DMIC Corridor etc. are probably the best fleshed out projects in the world, no shit!

Everything is benchmarked with Global (IMF,World Bank, EU, Japan etc. standards). English language skills anyone? Sadl, so are costs. No ‘low-cost’ proj. mgmt. here.
Even Indian ‘Private’ Corp. proj. mgmt. standards are high. Solid, multi-gen. mgmt. skills exist in India as an inheritance of the old Empire. Think British Ports, Forts, Cantonments, Canals and Railway projects in India. Indian Co.’s (read: Tata, Birla, Godrej) also do a good job eg. Jamshedpur, Godrej factories, Birla manufacturing. A lot of Co.’s got there learning in the Gulf proj. markets. Pretty high standards if u ask me ...


I'm gonna go all out and champion this shit. '..Eat Grass!' - Pak.'s ex Bhutto re: Pak atom bomb. Besides, where are Japan, Korea, Taiwan, Sing., Malay ... even China or specially Indian Co.’s going to go now & in the future? Where are the markets, where's the juice? India itself of course! Time to re-hash those SWOT/PEST analysis modules we took in mgmt. school.

One pet peeve though, considering today not only GoI owned Corp.'s, but Tata-Birla. types Corp.’s can do mega-projects like DMIC. Many local & foreign Infra Co.'s can do DMIC type projects ... cheaper/faster/better than GoI. Nobody asks why only GoI monopolises such mega-developments?


Personally, I have decades to go in life yet. DMIC opens up an entire new world for me personally re: retirement, hell ... business options even. Me net worth is ok, so I can think of investing, migrating etc. Got plenty of resources. Anyway, 3 cheers to the Japanese. I mean it! I'm, rg8 now as I post .. into ... Gekkeiken Sake - The World's Finest Saki -Made In Japan.
--
/>/\\//\/\/

[shreyas1684]

wat wat wat??????????...

[Gotcha]

The only thing thats relevant from his post is the last line

[Bombay Boy]

Originally Posted by patentneer

I'm gonna go all out and champion this shit ... or how Bhutto used to say ... '..eat grass!'

and my man bob used to say 'smoke da grass'

[shreyas1684]

naaa...first cut & grind da grass...

[achemsRaZor]

Originally Posted by patentneer

.

Ppl. here seem confused ... re: GoI functioning.

This GoI of ours is a continuation of the East India Co. only. In a good way, there are 'social sector & justice' ... call them CSR schemes ... however, ... real decisions are ... how-u-say ... 'cost-benefits' based. GoI is the biggest scam in the world, behind all the flim-flam ... the GoI is the world's biggest 'free market' enterprise ... it is owner/operator of world's biggest Co.'s like CIL, SAIL, NTPC, BSNL, NTC, HAL, HMT, FCI, SCI, NHAI, AAI, TV, Radio, STC. MMTC, Railways, Ports, Oil, Gas Co.'s, ... too much business if you ask me. All run on and under Co.'s Act, .. Corp. India = Govt. of India (GoI) ... oh .. & I did'nt even mention the fertiliser Co.'s ...

Point being ... meta level biz planning re: things like our DMIC Corridor etc. are probably the best fleshed out projects in the world ... no shit ... and everything is benchmarked with Global (IMF,World Bank, EU, Japan etc. standards) + Indian Corp. standards re: Tata, Birla, Godrej ... etc. pretty high standards if u ask me ...

DMIC is nice, really. Lots of well thought out stuff ... I have decades to go ... yet ... DMIC opens up an entire new world for me personally re: business ... hell ... even retirement options. Got plenty of property/assets in Delhi but who cares ... Delhi turning into monster megapolis.

I'm gonna go all out and champion this shit ... or how Bhutto used to say ... '..eat grass!'
... hehe ... that was Pak.'s ex Bhutto re: Pak atom bomb. Besides, where are Japan, Korea, Taiwan, Sing., Malay ... even Indian Co.,s going to go in the future ... wheere's the ... juice .. don't forget those SWOT/PEST analysis modules we took in Mgmt. school.

Today, Corp. India, the Tata-Birla types, ... not goI owned Corp.'s ... both are publicly funded by the way ... can do mega-projects like DMIC ... nobody asks why GoI monopolises such developments?

Many local & foreign Infra Co.'s can do DMIC type projects ... cheaper/faster/better than GoI ... these days ...

Anyway ... here's ... cheers to the Japanese ... I mean it ... I'm ... rg8 now ... as I post .. into ... Sake ... Gekkeiken - The World's Finest Saki - ... so it says ...

--
/>/\\//\/\/

Calm down - take a peek thru that Purple haze! Whatcha smoking mate?

[achemsRaZor]

Originally Posted by shreyas1684

naaa...first cut & grind da grass...

Originally Posted by Bombay Boy

and my man bob used to say 'smoke da grass'

Bob, Jim, Janis, Jimmy H - good folks all - RIP

[GJ10]

X-Posted in Gujarat Projects Thread

German Companies keen to set up units along DMIC

SURAT: "Some of the leading chemical and machine tool manufacturing companies in Germany have expressed their keenness to set up units along the Delhi-Mumbai Industrial Corridor (DMIC) from Vapi to Bharuch," said Dr Walter Stechel, council general of Federal Republic of Germany here on Thursday.

On his maiden visit to the region to explore the investment potential for German companies, Stechel said, "I am awestruck with the fast-paced development in this region. I had heard about Surat as the city of diamonds and textiles, but it has got one of the best infrastructural facilities among the country's Tier-II cities."

Talking about investment, he said DMIC, India's mega infrastructure project in association with Japan is the most dynamic project in the country and it will be the mother of all investments in Gujarat.

"There are many leading chemical and machine tool manufacturing companies who are keen to invest in the DMIC region from Vapi to Bharuch due to the easy availability of raw material, labour and good infrastructural facilities" Stechel said.

According to him, Pune is the only city in India where over 170 German companies have set up units. The bilateral trade between India and Germany was pegged at 10 billion Euros, which has increased to 13 billion Euros in 2009.

"After Pune, I perceive the area between Vapi and Bharuch as the best investment region for German companies. For this, the German consulate is keen to start the Indo-German Trade and Information Centre in Surat in the next few months" Stechel said.

The German Consulate plans to send its trade delegation to participate in Udhyog-2010 organized by Southern Gujarat Chamber of Commerce and Industry (SGCCI) at the newly constructed Surat International Exhibition and Convention Centre at Sarsana in January next year.

Nilesh Mandlewala, president, SGCCI, said, "Germany's counsel general is quite impressed with our world class international exhibition and convention centre project at Sarsana. He has expressed his willingness to send a trade delegation comprising leading German companies to explore business opportunities in city's textile and diamond sectors."

[JeanValJean]

Originally Posted by patentneer

.

Ppl. here seem confused ... re: GoI functioning.

This GoI of ours is a continuation of the East India Co. only. In a good way, there are 'social sector & justice' ... call them CSR schemes ... however, ... real decisions are ... how-u-say ... 'cost-benefits' based. GoI is the biggest scam in the world, behind all the flim-flam ... the GoI is the world's biggest 'free market' enterprise ... it is owner/operator of world's biggest Co.'s like CIL, SAIL, NTPC, BSNL, NTC, HAL, HMT, FCI, SCI, NHAI, AAI, TV, Radio, STC. MMTC, Railways, Ports, Oil, Gas Co.'s, ... too much business if you ask me. All run on and under Co.'s Act, .. Corp. India = Govt. of India (GoI) ... oh .. & I did'nt even mention the fertiliser Co.'s ...

Point being ... meta level biz planning re: things like our DMIC Corridor etc. are probably the best fleshed out projects in the world ... no shit ... and everything is benchmarked with Global (IMF,World Bank, EU, Japan etc. standards) + Indian Corp. standards re: Tata, Birla, Godrej ... etc. pretty high standards if u ask me ...

DMIC is nice, really. Lots of well thought out stuff ... I have decades to go ... yet ... DMIC opens up an entire new world for me personally re: business ... hell ... even retirement options. Got plenty of property/assets in Delhi but who cares ... Delhi turning into monster megapolis.

I'm gonna go all out and champion this shit ... or how Bhutto used to say ... '..eat grass!'
... hehe ... that was Pak.'s ex Bhutto re: Pak atom bomb. Besides, where are Japan, Korea, Taiwan, Sing., Malay ... even Indian Co.,s going to go in the future ... wheere's the ... juice .. don't forget those SWOT/PEST analysis modules we took in Mgmt. school.

Today, Corp. India, the Tata-Birla types, ... not goI owned Corp.'s ... both are publicly funded by the way ... can do mega-projects like DMIC ... nobody asks why GoI monopolises such developments?

Many local & foreign Infra Co.'s can do DMIC type projects ... cheaper/faster/better than GoI ... these days ...

Anyway ... here's ... cheers to the Japanese ... I mean it ... I'm ... rg8 now ... as I post .. into ... Sake ... Gekkeiken - The World's Finest Saki - ... so it says ...

--
/>/\\//\/\/

i sometimes feel like drinking too when i think about the actions of GoI.

[achemsRaZor]

Another baby step. Hope IR does not cock this up.

Source: http://www.dnaindia.com/money/report...months_1313534

Freight corridor loan in 2 months
Ashutosh Kumar / DNAThursday, November 19, 2009 3:32 IST

New Delhi: The Indian Railways is likelyto ink the second engineering service loan contract for the Western stretch of the dedicated freight corridor project in about two months.

This pact will pave the way for securing debt worth around Rs 17,000 crore for the project from the Japan Bank for International Co-operation (JBIC).Officials from the Japan International Co-operation Agency (JICA), who arrived here last week, have initiated studies on two stretches on the corridor.

"The survey has been initiated on the stretch between the Jawaharlal Nehru Port Trust (JNPT) in Mumbai and Baroda as well as Rewari and Delhi. After the completion of the survey in two months, an engineering services loan agreement willbe signed with JBIC," a railministry official said. The official did not disclosing the amountof the loan.

Engineering service essentially means preparing the project for contracting. This entails carrying out socio-economicimpact, setting up of design parameters and preparing the bidding documents.

The JICA team, in its study, will make an estimate of the amount of the loan by assessing the requirements towards track-laying, making the terrain suitable, overall financial viability and impact on surroundings.

Japan has already committed Rs 130 crore for the engineering services loan for the 920 km stretch between Haryana and Vadodara. The agreement was signed last month.

The traffic on the corridor will mainly include containers from JNPT and Mumbai port in Maharashtra and ports of Pipavav, Mundra and Kandla in Gujarat destined for inland container depots at Tughlakabad, Dadri and Dandharikalan. Besides containers, commodities moving on the corridor include fertilisers, food grains, salt, coal, iron ore, steel and cement.

For the funding requirement of the project, a gross budgetary support of Rs 1,250 crore has been envisaged for the project. The Railways will also use its internal resources and domestic borrowings, if required.

[GJ10]

Have started a seperate thread for the Dholera SIR

Felt it is an extensive enough project to warrant a thread of its own.

Will X-Post anything here that is relevant to the DMIC as a whole.