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Indian Railways plan freight corridor
New Delhi: The Railways ministry has decided to introduce dedicated lines for goods trains along the golden quadrilateral. With passenger trains running on the same tracks as freight trains, they take priority forcing the goods trains to travel at about 25 kilometers per hour. With dedicated corridors this will no longer be the case.

The Indian Railways is now concentrating on the Delhi-Mumbai and Delhi-Howrah sectors. The Delhi-Mumbai sector will be for carrying containers. The ministry is keen on double stack containers, as it will increasing the volume of freight the goods train can carry. The Delhi-Howrah line will be for moving bulk goods like coal, iron ore and cement as a large chunk of India's mines are in this area.

These two phases will cost the Railways Rs20,000 crore and for that India is in negotiations with Japan for a soft loan that could fund up to 90 per cent of this expense.

Ministry officials indicate that this project will go ahead even if Japan doesn't sanction the loan.

Preliminary engineering surveys are already underway and the Railways want this project off the ground by April1, 2006.
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CII team in Kazakhstan
New Delhi: The Confederation of Indian Industry will send a seven-member delegation to Kazakhstan to represent India at the Asia's Society's International Business Conference from June 14 to 16.

Titled `Kazakhstan draws a new wave of investment: Strategies for development and sustainable growth', the conference will highlight how Kazakhstan is emerging as a global player.
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