Transnet denies CPPI findings, adds tugs
NewsTransnet met with World Bank representatives to discuss the 2023 Container Port Performance Index, which highlighted the poor rankings for South African ports.
Boost for Indian rail
The World Bank is to draw up plans for a US$77B makeover for the Indian Rail Network to transform it from a colonial era means of mass transport to a more modern system.
The World Bank will help the railways in setting up a Railway University (RU) and Rail Tariff Authority (RTA), and create a full blue print for the future, including planning, technology upgrading and digitisation.
The majority of the funds will go to freight corridors that Indian Railways is developing, one segment of which, the Eastern Dedicated Freight Corridor (EDFC), the World Bank has already provided funds for.
Speaking on the development, a railway official said India needs the expertise of the World Bank to forecast demand, build its capacity, and complete and deliver projects for the next 10 to 15 years. The US$7B, however, is to be
invested in the first four-year period, of which, during 2017-18 financial year, railways will be investing US$20.5B alone on freight capacity augmentation.
In line with Prime Minister Narendra Modi’s Digital India programme, Indian Railways wants to roll out a digital enterprise, for which the bank will help integrate architecture and database management across its IT applications.
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This complete item is approximately 300 words in length, and appeared in the August 2017 issue of WorldCargo News, on page 13. To access this issue download the PDF here.
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