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Centre plans to lease out DFC tracks to private companies

Thursday, 23 Jul 2020
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The Central government is working on a comprehensive plan for asset monetisation of the dedicated freight corridors (DFCs) by leasing out rail tracks to private companies to run trains and rope in the existing telecom players to use its optic fibre network.

This will be part of the upcoming measures that a high-powered committee of secretaries is working on for improving the Indian Railways.

The committee is entitled to fast-track innovative financing for its projects, corporatise production units and monetise the existing rail infrastructure and DFC assets.

Both Eastern Dedicated Freight Corridor (EDFC) and Western Dedicated Freight Corridor (WDFC) are expected to be commissioned by 2021, except the Sonnagar to Dankuni stretch in EDFC.

The revenue that can be earned through asset monetisation will be assessed internally and it may also look to appoint a consultant, if needed. By March 2021, a detailed framework for this will be in place.

The plans include allowing private players to operate their trains on DFC tracks and telecom players to use its optic fibre network. This will ensure that over 2,800 km of the laid optic fibre infrastructure is available for the existing telecom companies.

For this, the Dedicated Freight Corridor Corporation of India (DFCCIL) has already signed a memorandum of understanding (MoU) with another railways subsidiary Railtel.

In addition, private investment is expected to come in multi-model logistic hubs and rail sidings that DFCCIL is set to come up with. The Railways has already discussed this master plan with an empowered group of secretaries (EGOS).

The Western DFC is being partly funded through a loan of approximately Rs 38,722 crore from the Japan International Cooperation Agency (JICA). Its project cost is around Rs 51,101 crore.

The remaining part of the project cost for both the corridors will be funded through gross budgetary support from the Centre as equity contribution. On the Eastern DFC, the 1,192 km Ludhiana (Punjab) to Mughalsarai (Uttar Pradesh) stretch is being funded by the World Bank. Out of around Rs 30,358 crore (project cost), the World Bank is giving Rs 13,625 crore for the project.

The empowered group of secretaries was set up in 2019 to mainly speed up the redevelopment of 50 railway stations and speedy implementation of private trains on Indian tracks.

 

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