Tuesday April 7, 2020
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Cabinet approves setting up of joint ventures for railway infrastructure

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New Delhi: The cabinet today approved the formation of joint venture companies with state governments to undertake various railway infrastructure projects.

“This would ensure greater participation of state governments in the implementation of railway projects both in terms of financial participation as well as the decision-making process,” a statement issued after a cabinet meeting said.

The railway ministry’s initial paid up capital will be restricted to Rs 50 crore for each state.

“Each Joint Venture would have an initial paid up capital of Rs.100 crore based on the quantum of projects to be undertaken. Further infusion of fund/equity for the purpose of the projects shall be done after approval of the project and its funding at the level of appropriate competent authority,” the statement said.

Project specific Special Purpose Vehicles (SPV) can also be formed by the joint ventures with equity holding by other stakeholders like banks, ports, public sector undertakings, mining companies and others. (IANS)

 

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Indian Railways Develop Disinfectant Tunnel To Fight Against Novel Coronavirus

The official said that upon contact in the tunnel, the spray is efficient enough to kill the virus

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Railways
A railway ministry official said that the loco shed in Maharashtra's Bhusaval has developed a disinfection tunnel to fight Covid-19. Wikimedia Commons

The Indian Railways has developed a disinfection tunnel to sanitise people for just Rs 10,000, officials said on Monday.

A railway ministry official said that the loco shed in Maharashtra’s Bhusaval has developed a disinfection tunnel to fight Covid-19.

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He said one set of three nozzles spray one ppm sodium hypochlorite solution, as people walk for a duration of between three and five seconds inside the tunnel.

Railways
The Indian Railways has developed a disinfection tunnel to sanitise people for just Rs 10,000, officials said on Monday. Wikimedia Commons

The official said that upon contact in the tunnel, the spray is efficient enough to kill the virus.

He said the total cost of the tunnel was around Rs 10,000 and its capacity is of 500 litres.

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The disinfection tunnel will work uninterrupted for 16 hours, hence requiring refilling only once a day. (IANS)