Exclusive Interview with : Adesh Sharma, Managing director of Dedicated Freight Corridor Corporation (DFCC)
Updated on: 22 Jun 2016
Dedicated Freight Corridor Corporation (DFCC) is among a handful of railway projects where work has been fast-tracked significantly in the past two years. The company's Managing Director Adesh Sharma discusses the status of the project with Sudheer Pal Singh. Edited excerpts:
What is the current status of the project?
DFCC is now on fast track. Things are moving now at a very high speed, compared to earlier years. We have placed contracts worth more than Rs 25,100 crore in the past one year, which is more than twice the value of contracts placed in the previous six years. Also, there has been a five-fold increase in the physical progress of the work. The work is progressing from Khurja to Sonnagar on Eastern DFC, and from Rewari to Palanpur and Vadodara to Vaitharna on Western DFC. We have placed 76 per cent of the contracts for civil works, 63 per cent of electrical contracts, and 63 per cent of signaling contracts. We will place orders worth Rs 14,000 crore in FY17.
What is the progress on the expenditure front?
The total expenditure by DFCC stood at Rs 8,600 crore last financial year, as compared to Rs 2,800 crore in the previous financial year (2014-15). Thus, there is a three-fold improvement in the financial progress of the project. The target is Rs 12,500 crore for the current financial year. Of this, Rs 3,500 crore will be spent on land acquisition and the balance Rs 9,000 crore will be spent on contractual payments. The project will be commissioned in phases between March 2018 and December 2019.
What will be the revenue model adopted for DFCC when the project is fully commissioned?