For the 12th Five Year Plan, the Railways has proposed to the Planning Commission for an outlay of INR 5.48 lakh crore for its expansion, modernization and safety. To finance this outlay, both the conventional and the non-conventional means must be adopted for effectiveness and efficiency. The Railways has identified some projects to be implemented through Pubic-Private-Partnership (PPP) models such as elevated rail corridor, redevelopment of stations, logistics parks, to mention just a few. Some of the projects identified are Mumbai-Ahmedabad high-speed corridor and an elevated rail corridor between Churchgate and Virar in Mumbai, each with an estimate of INR 20,000 crore; for redevelopment of stations for INR 10,000 crore, a dedicated freight corridor between Sonnagar (Bihar) and Dankuni (Bengal) for INR 10,000 crore, etc. Indian Railways, it is said, is open to Foreign Direct Investment in PPP projects within the FDI policy. Possibly taking into account the massiveness of the projects, the Minister for Railways has pointed out that the completion of the projects might be extended to the next plan as well.
Wednesday, 5 September 2012
Railways for INR 80,000 crore investments for many projects through PPP basis
For the 12th Five Year Plan, the Railways has proposed to the Planning Commission for an outlay of INR 5.48 lakh crore for its expansion, modernization and safety. To finance this outlay, both the conventional and the non-conventional means must be adopted for effectiveness and efficiency. The Railways has identified some projects to be implemented through Pubic-Private-Partnership (PPP) models such as elevated rail corridor, redevelopment of stations, logistics parks, to mention just a few. Some of the projects identified are Mumbai-Ahmedabad high-speed corridor and an elevated rail corridor between Churchgate and Virar in Mumbai, each with an estimate of INR 20,000 crore; for redevelopment of stations for INR 10,000 crore, a dedicated freight corridor between Sonnagar (Bihar) and Dankuni (Bengal) for INR 10,000 crore, etc. Indian Railways, it is said, is open to Foreign Direct Investment in PPP projects within the FDI policy. Possibly taking into account the massiveness of the projects, the Minister for Railways has pointed out that the completion of the projects might be extended to the next plan as well.
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