Date Of Post: 30 May, 2018
New Delhi: The Indian Railways is eyeing 2 billion tonnes in freight movement on the back of coal loading, in the next 5 years, thus joining the elite club of Railways in China, Russia & USA, a senior official said.
As of now, coal loading is approx 555 million tonnes (MT), which is 22 MT more than the previous year’s, and the railways is banking on this growth to leapfrog into the 2 billion tonnes target.
- “The coal projection for 2020-2022 is 1,500 MT in India. The present 555 MT of loading should reach around 800 MT in the next two-three years and then it should increase to 1,000 MT thereafter. So, in this way there is demand of growth everywhere.”
- Mohd Jamshed, Member, Traffic, Railway Board, said,”Steel sector is booming for which we have to move iron-ore. There are hundreds of indents pending for rakes, cement plants are proliferating and they have set up grinding units for which rakes are needed for movement. Container traffic is also increasing. Our target is to reach 2,000 MT (two billion tonne) by 2023-2024.”
- The railways will diversify into other commodities, Jamshed also said.
- The railways was mulling offering concessions to draw traffic by allowing many such goods where loading is below the 1 MT mark.
Image Credit: Nikhilb239 – Wikimedia Commons