Target to capture 45% of freight transportation by 2030: Railway Board chairman

The railways is hoping to increase its share in freight transportation from the present 27 per cent to 45 per cent by 2030 through better infrastructure and business development plans, according to the National Rail Plan which will be unveiled next month, Railway Board Chairman VK Yadav said on Friday.

Addressing a press conference, he said the railways transported only 1,210 MT of the total freight basket of 4,700 MT till the end of 2019, but by 2024, it is planning to load 2,024 MT of the estimated 6,400 MT of the total freight, keeping it on track to achieve its target by 2030.

Yadav said under Vision 2024 of the National Rail Plan, the railways plans to augment its infrastructure to enable the loading of 2,024 MT by 2024, multi-tracking of a 16,373-km network, completion of 58 supercritical projects, 68 critical projects, 46 projects on HDN (high-density network) and HUN (highly-utilised network) and 32 other essential projects.

"The final draft of the National Rail Plan is ready and it will be circulated among the stakeholders for their views and in a month's time, we should be able to finalise it. Under the plan, we aim to raise our share of freight loading from the current 27 per cent to 45 per cent by 2030," he said.

The Railway Board chairman said the national transporter will complete 20 additional coal connectivity projects and by December 2023, conclude 146 railway electrification projects.

It will also complete northeast connectivity projects of 288 km by March 2023 and the balance of 111 km of the Udhampur-Srinagar-Baramulla project by December 2022.

The Vision 2024 plans will also include the speed raising of the New Delhi-Howrah and New Delhi-Mumbai routes to 160 Kmph and that of the Golden Quadrilateral (GQ) and Golden Diagonals (GD) routes to 130 kmph.

All these projects will include a total capital expenditure of Rs 2.9 lakh crore, Yadav said.

"Vision 2024 is a sub-set of the National Rail Plan. We are doing GIS mapping of the entire network and taking into account future industries that will be coming up, planning on what commodities would require transportation. The aim is to reduce the transit time as well as the transit cost for our customers. We are planning to rationalise the freight tariff and slowly reduce the haulage charges, so that we can reduce cost and increase revenue," he said.

The National Rail Plan includes three dedicated freight corridors with a total length of 3,958 km -- the 1,115-km East Coast DFC from Kharagpur to Vijaywada, the 1,868-km East-West DFC (Bhusawal-Nagpur-Kharagpur-Rajkharsawan-Andal-Dankuni) and the 975-km North-South DFC (Itarsi-Nagpur-Vijaywada).

Yadav said as part of the plan, several new high-speed rail corridors have been identified and a survey on the Delhi-Varanasi High Speed Rail is underway. The plan also includes bringing in modern rolling stock, identifying new streams of finance and models for financing, including those based on PPP, he said.

"For the successful implementation of the NRP, the railways will engage with the private sector, PSUs, state governments, original equipment manufacturers(OEMs)/industries etc.," Yadav said.