The committee on Indian Railways traffic optimisation has suggested that freight loading has the potential to grow between 9% and 15% till FY19 against the growth of around 4% recorded during the last five years. Growth of railways will depend heavily on its ability to complete the dedicated freight corridor projects, capacity augmentation in terminals and utilisation of alternate routes, it said.
Railway minister Suresh Prabhu has said, “The committee has pointed out the potential of growth for Indian Railways and the roadmap suggested by the committee, indicates that Indian Railways freight loading has the potential to grow between 9% and 15% during the next four years”.
The committee, headed by Mohd. Jamshed, additional member C&IS and T&C, suggested liberalisation of wagon capacity scheme, creation of private freight terminals and revision of rating structure for rakes are vital for railways.
It said the the carrier has not been able to match the growth in the country’s GDP in the recent years. It also observed that while the freight traffic has grown marginally, the passenger traffic has gone down since FY10.
The committee identified specific bottlenecks requiring urgent attention including completion of last mile projects, specifically those related with doubling of rail tracks, better signalling and electrification of existing network.
Calling upon railway officers to not only complete the freight loading traffic but work towards exceeding the target, Prabhu said that the measures suggested by the Committee would be implemented in a mission mode.