| MEMU coach factory to come up in Rajasthan by RailXpert on 23 February, 2013 - 06:00 PM | ||
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RailXpert | MEMU coach factory to come up in Rajasthan on 23 February, 2013 - 06:00 PM | |
New Delhi: Railways have decided to join hands with state-owned BHEL for setting up Mainline Electric Multiple Unit (MEMU) coach factory in Rajasthan to cater to the growing demand for more local and suburban trains. The MEMU trains equipped with higher acceleration capacity are expected to move faster on electrified tracks and would benefit daily commuters. Railway minister Pawan Kumar Bansal is expected to announce the setting up of the modern MEMU coach factory in Rajasthan in his maiden Rail Budget 2013-14 on February 26. While Rajasthan will provide about 200 acres of land, BHEL will set up the Rs 1000 crore factory in a joint venture with railways, railway sources said, adding “modalities of the project are being worked out.” Railways will sign MoU with BHEL and Rajasthan government for setting up the coach factory. MEMU trains are required for faster connectivity with suburban areas. Nine MEMU coaches comprise one MEMU train. The Rajasthan factory is expected to manufacture about 400 MEMU coaches in a year, the sources said. BHEL is already into manufacturing of diesel and electric locomotives at its plant in Jhansi and has an annual capacity to make around 50 engines. Despite cash crunch, substantial funds are likely to be announced in the Rail Budget 2013-14 for long pending projects. Currently, there are about 347 rail projects worth Rs1.47 lakh crores pending and railways is planning to complete some of these works in the next fiscal. “Certain pending projects involving laying of new lines as last-mile connectivity are being identified and we want to complete them,” they said. Burdened with increased diesel cost and a large number of pending projects, railways have sought Rs38,000 crores as general budgetary support from the Finance Ministry for fiscal 2013-14. Railways had received Rs 24,000 crores from the finance ministry as support in the current fiscal. Besides, Railways expect to generate Rs 7000 crores revenue from internal generation and Rs 18,000 crores from market borrowing next financial year. | ||