Railways secure Rs. 35,000-cr infra investment

    Railways Infra Investment
    For matching its infrastructure deficit, laying new rail tracks and upgrading the existing ones, the Indian Railways have secured investment commitment on PPP model to the tune of Rs. 35,000cr, Minister of State for Railways Rajen Gohain said, adding that some of the areas identified by Railways for investment through the PPP route are building last mile connectivity for ports, mines, industrial clusters. In addition, they also included setting up of manufacturing units for rolling stock, building Private Freight Terminals (PFT), procurement of wagons, private operation of containers trains and redevelopment of stations among others. Since all the targeted projects are to be commissioned during the current fiscal and that target of Extra-Budgetary Resources through Partnership for 2016-17 is Rs 18,340cr. However, in the Budget 2015-16, it was announced that investments would be stepped with a plan to spend Rs 8.56 lakh-cr in next 5 years (2015-2019) which envisaged approximately 15% through PPP. This became possible due to the fact that railways has taken several policy measures to attract private investment such as new Participative Policy for capacity augmentation, issuing sector-vise guidelines for Domestic/Foreign Direct Investment (FDI), preparing Model Concession Agreements (MCAs) for PPP models, liberalizing Private Freight Terminal (PFT) policy, Station redevelopment policy, setting up Loco manufacturing units through PPP, he claimed.
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