Railways to go for JVs to enhance rolling stock

Railways to go for JVs to enhance rolling stock

Tiruchirapalli: “Railways is embarking on public private model joint venture (JV) partnership to produce 1,000 units each of diesel and electric locomotives over 10 years to enhance their rolling stock," Praveen Kumar, member of railway board (mechanical) said.

“It was also planning another JV to produce rolling stock concentrating on self-propelled vehicles on surplus land near Kancharpara Railway Workshop in West Bengal," Kumar said.

“Partners for these JVs have been shortlisted among global contenders," he said, adding that the JVs would be among world leaders in the respective product development.

Kumar said that railways had taken these steps to maintain the steep growth in passenger and freight traffic.

He said that more funds were needed for production and maintenance of rolling stock.

He said that in-house production of locomotives had reached optimum level, with diesel locomotive works at Varanasi and Chitranjan Locomotives in West Bengal producing at their capacity of 250 units each a year. “However, modernisation and expansion of these units was not in the pipeline," he said.