The Indian Railways will invest Rs 15,000 crore in retrofitment of coaches over the six years starting the current financial year.
“It has been planned to induct about 40,000 coaches with upgraded interiors by 2022-23. The approximate cost for refurbishing each coach will come to around Rs 30 lakh,” Union railway minister Suresh Prabhu said on Tuesday.
He added that from April 2018 onwards the Railways will stop producing the current Integral Coach Factory (ICF) coaches and will focus on producing only Linke Hoffman Busch (LHB) coaches designed by Alstom Germany.
The move is to improve the safety of coaches and reduce the casualties in case of accidents. Out of the total 63,000 coaches that Indian railways have, about 53,000 are unsafe as they do not have the anti-climbing technology. “We are expecting an overall investment of about Rs 15,000 crore for retro-fitment of coaches. Out of the total 40,000 coaches, around 40 per cent will be done through private participation,” said Ravindra Gupta, member, Rolling Stock, Railway Board. Read more
Latest posts by Business-Standard.com (see all)
- India, Suriname To Cooperate In Solar Energy Projects - June 21, 2018
- Dharmendra Pradhan Meets UAE Minister Of State Sultan Ahmed Al Jaber - June 21, 2018
- Solar Industries India Partners Eurenco For Major Artillery Tender - June 20, 2018