Rail Rail Budget 2014: Govt mulls to attract more Investment under PPP
Model
08/07/2014 14:25
Railways will interact with Industry and take further steps to attract investment under public private partnership (PPP) through BOT and Annuity route and 8 to 10 capacity augmentation projects on congested routes will be identified for this purpose, said Railway Minister D. V. Sadananda Gowda while presenting the Railway Budget for 2014-15 in Parliament today. Presenting the Budget, Gowda said Zonal Railways will be suitably empowered to finalize and execute such projects. The Minister said with a large backlog of sanctioned projects, funding continues to be the biggest challenge for Railways. He said while private investment and customer funding for some port connectivity projects and few other Power Sector Projects has started, much more needs to happen if infrastructure creation has to keep pace with the requirement. Gowda said that Indian Railways has taken up port connectivity on priority through PPP mode of funding in tandem with Sagar Mala Project of Port Development. Railways will facilitate connectivity to the new and upcoming ports through private participation. He said, so far in principle approval has been granted for building rail connectivity to the Ports of Jaigarh, Dighi, Rewas, Hazira, Tuna, Dholera and Astranga under Participative Model Policy of Indian Railways, amounting to a total of over Rs 4,000 crore.
08/07/2014 14:25
Railways will interact with Industry and take further steps to attract investment under public private partnership (PPP) through BOT and Annuity route and 8 to 10 capacity augmentation projects on congested routes will be identified for this purpose, said Railway Minister D. V. Sadananda Gowda while presenting the Railway Budget for 2014-15 in Parliament today. Presenting the Budget, Gowda said Zonal Railways will be suitably empowered to finalize and execute such projects. The Minister said with a large backlog of sanctioned projects, funding continues to be the biggest challenge for Railways. He said while private investment and customer funding for some port connectivity projects and few other Power Sector Projects has started, much more needs to happen if infrastructure creation has to keep pace with the requirement. Gowda said that Indian Railways has taken up port connectivity on priority through PPP mode of funding in tandem with Sagar Mala Project of Port Development. Railways will facilitate connectivity to the new and upcoming ports through private participation. He said, so far in principle approval has been granted for building rail connectivity to the Ports of Jaigarh, Dighi, Rewas, Hazira, Tuna, Dholera and Astranga under Participative Model Policy of Indian Railways, amounting to a total of over Rs 4,000 crore.
