Prabhu gives FDI nod for locomotive plants
8 Mar 2015
- Railway Minister Suresh Prabhu gave his nod to two big FDI proposals for setting up diesel and electric locomotive plants in Bihar.
- Alstom, Siemens, GE and Bombardier were shortlisted for the electric locomotive factory at Madhepura.
- A senior railway official had said that the financial bidding would open on August 31.
- These projects were two of the eight infrastructure projects being monitored by PMO.
Lalu had similar plans for Bihar
In 2008, Lalu Prasad Yadav, the then Railway Minister, had announced plans to establish locomotive factory in Bihar but the project was stuck in red tape and government approvals, and never went ahead.
Prabhu seeks land from Nitish for locomotive projects
25 Jul 2015
- In a high level meeting, Suresh Prabhu told Bihar CM Nitish Kumar that railways needed about 1116 acres of land for the electric locomotive factory at Madhepura.
- They needed at least 300 acres but could acquire only 77 acres.
- 227 acres of land was also required for the diesel locomotive factory at Marhaura but railways had acquired 92 acres of land.
Alstom emerges as lowest bidder in locomotive project
1 Sep 2015
- French company Alstom had emerged as the lowest bidder for the production of electric locomotives in Madhepura, Bihar.
- The bid was ₹30 crore each, making it a ₹24000 crore contract over 10 years.
- The factory that would be set up in Madhepura would cost ₹4000-5000 crore.
- This project was the government's bid to create investment in Bihar ahead of elections.
GE, EMD shortlisted for Marhowra factory
1 Sep 2015
- The Railway ministry opened the financial bids received from GE and Electro-Motive Diesel (EMD) for the ₹22000 crore diesel locomotive factory at Marhowra in Bihar.
- A senior official had said that ministry would evaluate the bids to identify the lowest bidder and then award the contract.
- The contract includes supply of 700 diesel locos of 4500 HP and 300 locos of 6000 HP.
GE, Alstom win $5.6-billion contracts from Indian Railways
10 Nov 2015
- In a bid to mordernise railways, General Electric (GE) and Alstom were awarded contracts worth $5.6-billion to supply new locomotives to railways.
- Railways spokesman Anil Saxena said that Alstom would supply 800-electric locomotives as well as build a factory in Bihar.
- GE would provide 1000 diesel locomotives for the next 11 years as well as invest $200 million in plant and maintenance sheds.
Suresh Prabhu gives green signal for two big-ticket FDI proposals in Railways | Latest News & Updates at Daily News & Analysis
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