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Investment target of DFC revised to 80,000 crore: Chairman, Railway Board
The initial investment needed for the Dedicated Freight Corridor (DFC) was estimated around Rs. 27,000 crore but now it touched to Rs 80,000 crore in the span of 6 years for the various genuine reasons, said Arunendra Kumar, Chairman, Railway Board at an ASSOCHAM event held in New Delhi.

"From the day of commencement of the project Dedicated Freight Corridor till date the expenditure had gone up with various genuine reasons. Initially the organisation set up Rs 12000 cr for the Land Acquisition but later on it multiplied several times. Apart from numerous challenges, the project of Dedicated Freight Corridor is reasonably on time also tuned with our expectations," said Arunendra Kumar while addressing the ASSOCHAM conference on Dedicated Freight Corridors- Challenges and opportunities in New Delhi.

"Indian Railways (IR) and DFC are focusing the common man as per the directions of Hon'ble Prime Minister, Narendra Modi. DFC is one the goals to achieve the common man's objective that you reduce the transportation cost and reduce it substantially, not in tits and bits," said Kumar.

He said, "The bottom line is that DFC which we started, if it does well; we will get more corridors and get more money and it will bring down the cost and enhance the technological levels (i.e. how to lay a line more efficiently, how to run a train more effectively and how to run it safely......)," said Arunendra Kumar.

"Indian railways have done extra on tracks and there has to be more track for them to run. We have been compared with China and other countries but please remember, India is also on the same road.....We have bullock cart, BMW and truck goes together likewise on the railway network passenger train, suburban train and goods train are to be delivered on time and with safety," added Chairman, Railway Board according to an Assocham statement.

Alok Johri, Member- Mechanical, Railway Board said that the Dedicated Freight Corridor will bring a major change not only in the transportation section but will also bring revolution in Indian railways.

Pointing at the challenges and the Technological upgradation needed, Johri said "Railways tracks and Locomotives is the major challenge for DFC. Inputs from manufactures as about 30,000 wagons of new design is required immediately. The wagons needed would be 25 - 32.5 tonnes capacity of lighter weight and of different dimensions. The advantage is, it will be better for Pay Load Ratio."

Johri also stressed that there was lot of opportunities of technological upgradation in the Dedicated Freight Corridor. The high and upgraded technology for monitoring and diagnostic system is the need of the hour and IR is committed to implement it.

He also pointed out that the targeted year of completion of DFC is 2017-18 and in the process bulk of contracts has been awarded for Eastern Corridors.

ASSOCHAM President Rana Kapoor while speaking on this occasion said, "Indian Railways, the lifeline of our Nation, carries over one billion tonnes of freight every year. To actualize the ambitious target of becoming the largest freight carrier in the world, India needs to urgently act on developing last mile connectivity to ports, mines and power plants by fast tracking Dedicated Freight Corridors which will provide strong impetus to the economy, in addition to fostering growth of freight-intensive industries. It is therefore critical for the Government to ensure time bound execution of the project which has the capacity to boost manufacturing output to 25% of GDP by 2025 and result in significant job creation."

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