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Cabinet note on rail tariff body by January 15

Source : BUSINESS_STANDARD
Last Updated: Fri, Dec 07, 2012 07:41 hrs

pThe government on Thursday hinted at setting up a Rail Tariff Authority RTA soon pushing the politically sensitive move after yesterday&rsquos success in the Lok Sabha on the issue of foreign direct investment in multi-brand retailppAlso on the cards is a renewed plan for speedy implementation of major infrastructure projects in the railways roads and shipping sectorsppAn Inter-Ministerial Group IMG headed by the chairman of the Railway Board is to finalise its recommendations on the RTA by December 31 &ldquoA Cabinet note will be brought latest by January 15 2013&rdquo the Prime Minister&rsquos Office said on Thursdaypptable width400 cellpadding2 tbody tr height20 styleheight 15pt td width531 height1 bgcolor95acb3font size2 faceTahoma colorffffffstrongPM&rsquoS RENEWED INFRA PUSHstrongfonttd tr tr height20 styleheight 15pt td width531 height72 bgcolorccd7dd ul lifont size2 faceTahomaBids for Mumbai Elevated Rail Corridor before Rail Budgetspan stylemso-spacerun yes spanfontli lifont size2 faceTahomaBids for Madhepura locomotive factory project by December 31fontli lifont size2 faceTahomaPMEAC chairman to look at RBI&rsquos treatment of loans to the roads sector as unsecured loansfontli lifont size2 faceTahomaTarget of awarding 8000 km roads set to be surpassed in 2012-13fontli ul td tr tbodytableppThe decision to expedite the process has been taken in review meetings of Prime Minister Manmohan Singh to push the infrastructure sector Among other decisions a State Support Agreement would be signed with the Maharashtra government in the next 15 days for an Elevated Rail Corridor in Mumbai &ldquoThe railways ministry will finalise important milestones with timelines by December 31 and bids for the project will be invited before the Rail Budget in 2013&rdquo said the PMOppSimilarly bids for the Madhepura Locomotive Factory Project will be called by December 31 and the project meant to be a private-public partnership will be awarded before the Railway BudgetppThe IMG set up under the Cabinet Committee on Economic Affairs CCEA will consider and approve any necessary changes to the documentsppTimelines for the Marhowra locomotive factory project will be announced by December 15 In the case of the Dedicated Freight Corridor the ministry will give its revised estimates with details on source of funding by the same dateppIn the review meetings of projects in the road transport and highways sector it has been decided that the secretary of that ministry would send a note to the chairman of the Prime Minister&rsquos Economic Advisory Council on the issue of the Reserve Bank&rsquos treatment of loans to the road sector as unsecured onesppThe roads ministry was set to cross the target of awarding 8000 km of building contracts this year by March 2013 said the PMOp

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