| Railway Minister Inaugurates International Seminar on High Speed Trains Need for Developing an Appro by riteshexpert on 03 February, 2013 - 08:00 AM | ||
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riteshexpert | Railway Minister Inaugurates International Seminar on High Speed Trains Need for Developing an Appro on 03 February, 2013 - 08:00 AM | |
The Minister of Railways Shri Pawan Kumar Bansal inaugurated a two day ‘International Seminar’ on “High Speed Trains in India-Issues & Options” being organised by Institute of Railway Electrical Engineers (IREE), here today. The Minister of State for Railways Shri Adhir Ranjan Chowdhury and Chairman, Railway Board, Shri Vinay Mittal were present on the occasion. Speaking on the occasion, the Minister of Railways Shri Pawan Kumar Bansal said that in view of growing economy there is a need to constantly improve infrastructure and address the issues of mobility of people. It is necessary to keep pace with the latest developments taking place world over in Railway sector and technology. Referring to his own experience of high-speed train travel in Japan, Korea and France, the Minister said it is high time to think of such rail projects in India as well. The rapid urbanization, growing economy, rising level of educated work force and higher levels of income margins has caused greater growth in intercity travel both for business and personal reasons. Hence, high speed train services may be required to fulfill the demand gap for faster intercity and inter-regional movement of passenger traffic. The Minister pointed out that six corridors have been identified for techno-economic feasibility studies. The pre-feasibility reports, in respect of these identified corridors are at various stages of preparation and study. Government has already identified Mumbai-Ahmedabad high speed corridor, as the pilot project of this kind. A Project Steering Group has been constituted which is examining the options available for this project and finalizing feasible options and also suggesting mechanisms for quickly moving forward. He said that this project needs an estimated Rs. 63,000 crore of investment and it is really a challenging task and the experts will have to work on a financial model which will be win–win situation for all stakeholders. While these high speed services are premium services but in the Indian context a model needs to be worked out which makes it more affordable to bulk of the customers so that the introduction of high speed rail system in India becomes truly inclusive. | ||