Posts tagged ‘Rail’

11/02/2014

Rail budget: Mallikarjun Kharge likely to announce more trains, new lines – The Times of India

Faced with a revenue shortfall, railway minister Mallikarjun Kharge will not bring about reduction in basic passenger fares in the interim budget on Wednesday but is likely to make adjustment in fuel adjustment component so that impact on fares is minimum in an election year.

Kharge is likely to announce more trains, new lines and better passenger amenities in the interim budget.

Railway ministry sources said it will be a growth-oriented budget and not a deficit one despite fall in earnings.

via Rail budget: Mallikarjun Kharge likely to announce more trains, new lines – The Times of India.

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19/03/2012

* $77m embezzled from Chinese high-speed rail project

China Daily: “China’s auditing authorities said on Monday that 491 million yuan ($77.84 million) had been embezzled from the Beijing-Shanghai High-speed Railway project. In a report based on an audit conducted between June and September in 2011, the National Audit Office NAO listed some irregular practices in the construction and management of the project. Purchases that were not made through standard bidding involved 849 million yuan, while the cancellation of wind-shielding barriers construction in some sections meant 413 million yuan of purchasing funds was not used, according to the report.”

via $77m embezzled from high-speed rail project|Economy|chinadaily.com.cn.

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