dedicated corridor freight

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<p>Dedicated Freight Corridor Corporation of India</p> <p>By :Pranav badhwar</p> <p>DFCCILThe Dedicated Freight Corridor Corporation of India Limited (DFCCIL) is a corporation run by the Government of India to undertake planning &amp; development, mobilisation of financial resources and construction, maintenance and operation of the Dedicated Freight Corridors. DFCC has been registered as a company under the Companies Act 1956 on 30 October 2006.</p> <p>IntroductionUnder the Eleventh Five Year Plan of India(20072012), Ministry of Railways is constructing a new Dedicated Freight Corridor (DFC) covering about 2762 route km long two routes - the Eastern Corridor from Ludhiana to Dankuni and the Western Corridor from JawaharLal Nehru Port, at Nhava Sheva in Navi Mumbai to Tughlakabad, Delhi/Dadri along with interlinking of two corridors at Khurja. Upgrading of transportation technology, increase in productivity and reduction in unit transportation cost are the focus areas for the project. DFCCIL has been designated by Government of India as a `special purpose vehicle`, and has been created to undertake planning &amp; development, mobilization of financial resources and construction, maintenance and operation of the Dedicated Freight Corridors. DFCCIL has been registered as a company under the Companies Act</p> <p>NEED FOR DEDICATED FREIGHT CORRIDOR PROJECT</p> <p>Economic liberalization of 1991 followed by Information Technology industry explosion have taken India to a new growth scenario. Backed by strong fundamentals and commendable growth in the past three to four years, the resplendent Indian Economy is poised to grow even further at an average of 8 to 10% in the next 3 years . Transport requirement in the country, being primarily a derived demand, is slated to increase with elasticity of 1.25 with GDP growth by 10 to 12% in the medium and long term range. Riding on the waves of economic success, Indian Railways has witnessed a dramatic turn around and unprecedented financial turnover in the last two and a half years. This has been made possible by higher freight volumes without substantial investment in infrastructure, increased axle load, reduction of turn-round time of rolling stock, reduced unit cost of transportation, rationalization of tariffs resulting in improvement in market share and improved operational margins. Over the last 2 to 3 years, the</p> <p>The Indian Railways quadrilateral linking the four metropolitan cities of Delhi, Mumbai, Chennai and Kolkata, commonly known as the Golden Quadrilateral; and its two diagonals (Delhi-Chennaiand Mumbai-Howrah), adding up to a total route length of 10,122 km carries more than 55% of revenue earning freight traffic of Indian Railways. The existing trunk routes of HowrahDelhi on the Eastern Corridor and Mumbai-Delhi on the Western Corridor are highly saturated, line capacity utilization varying between 115% to 150%.[citation needed]The surging power needs requiring heavy coal movement, booming infrastructure construction and growing international trade has led to the conception of the Dedicated Freight Corridors along the Eastern and Western Routes.</p>