Monday, January 27, 2020
News
  News Updated on Monday, January 27, 2020 9:21:46 AM
India Asia World Sports Business Sci-Tec Health Entertainment Bollywood Video Press Releases Features City News
 
NEWS HOME
»
 
 
Search Archives :  

Rlys announce New Policy for Connectivity to Coal & Iron Ore Mines
New Delhi | Tuesday, Feb 22 2011 IST
   COMMENTS   Print this Page   PRINT   SocialTwist Tell-a-Friend  
   
 


In a path breaking initiative, the Ministry of Railways has announced a new policy for connecting coal and iron ore mines by rail. The policy called 'R2CI - Railways’ Policy for Connectivity to Coal and Iron Ore Mines' provides incentive to the developers by way of return of capital; invested in the construction of the line over a period of 10-25 years through a surcharge on the freight. Railways will also undertake the operations and maintenance of the line at their own cost after the ownership of the line is transferred to Railways. The policy has two models. These are; Capital Cost Model and the Special Purpose Vehicle (SPV) Model for flexibility. While the Capital Coast Model is relevant when there are two players, the SPV Model is meant to take care of a situation where there are a large number of players. This policy should enable the parties to take up constructions of the line and be free from the worry of operations and maintenance. The demand for coal and iron ore is growing at a fast pace and rail is the only feasible and sustainable mode of transport. This policy is expected to hasten the development of rail network connecting the coal and iron ore belts for use.

-- (UNI) -- 22DI27.xml

  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT

Other Related News


 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Oppn-ruled states, CMs fare better than ...
'Vision 2030' to transform Meghalaya to ...
New waste management system, sewage trea...
Two arrested in Gaurav Chandel murder ca...
Sandeep Dikshit lashes at Kejriwal for a...
BJP, ally-ruled state govts ranked among...
More...    
 
 Top Stories
Priyanka goes beige & satin for pre... 
Iraqi PM condemns rocket attack on ... 
Lil Nas X, Billy Porter raise glamo... 
Coronavirus death toll climbs to 80... 
NBA legend Kobe Bryant killed in Ca... 
NBA legend Kobe Bryant killed in Ca... 
Indian Americans celebrate Republic... 
Kejriwal to hold roadshows at Narel...