[RailTransportation] TRANSPORTATION: RAILROAD: PASSENGER : COUNTRIES: INDIA: Railways Undertake Public-Private Partnership Projects Worth Rs. 14,000 Crore

 

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TRANSPORTATION: RAILROAD: PASSENGER :

COUNTRIES: INDIA:

Railways Undertake Public-Private Partnership Projects
Worth Rs. 14,000 Crore

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Railways Undertake Public-Private Partnership Projects
Worth Rs. 14,000 Crore

All India

Press Trust of India

Updated: December 06, 2015 12:14 IST

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New Delhi:  Railways have undertaken more than 20 projects worth Rs. 14,000 crore during the 12th Five year Plan, including those for laying new lines, doubling the existing ones, enhancing port connectivity and electrifying its network under Public-Private Partnership (PPP) model.

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While seven PPP projects worth Rs. 5693 crore are under implementation as part of joint venture model, as many others involving an expenditure of Rs. 2236 crore are being implemented under customer funded model, official sources said.

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Three PPP projects worth Rs. 3016 crore are being executed through the annuity route and in-principle approval has been accorded to six others worth Rs. 3078 crore.

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Faced with resource crunch for its mega investment plans, the public transporter is exploring various channels for raising funds.

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“We are exploring the PPP models and joint ventures with state governments in a big way for funding infrastructure development,” said a senior Railway Ministry official.

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The complete article may be read at the URL above.

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