New policies in offing to attract pvt investment in railways
03/09/2014 11:18
In a bid to tap private investment, railways said some new policies are in the offing to attract funds as the government has simplified the procedure to remove hurdles in doing business with investors, reported PTI.
"We are framing new policies to attract private investment and it will be publicised soon," Minister of State for Railway Manoj Sinha said at a seminar.
Citing example, he said for the development of a station a complete data on total land area near it will be prepared through geo-mapping system so that it can be utilised for commercial purpose.
The Minister said that trains can also be run on public-private partnership (PPP) model for tourism purpose.
He said railways have finalised five PPP models. "We have prepared five PPP models for the industry. You can work in station development, freight terminal, port connectivity or new line as these areas are open for PPP investments."
On foreign direct investment (FDI) in the rail sector, he said, "Now 100 per cent FDI is allowed in railways. Barring operation, FDI is allowed in eight areas including high speed, dedicated freight line and suburban trains."
Emphasising on transparency, Sinha said, "It is the prime criteria in private investment."
03/09/2014 11:18
In a bid to tap private investment, railways said some new policies are in the offing to attract funds as the government has simplified the procedure to remove hurdles in doing business with investors, reported PTI.
"We are framing new policies to attract private investment and it will be publicised soon," Minister of State for Railway Manoj Sinha said at a seminar.
Citing example, he said for the development of a station a complete data on total land area near it will be prepared through geo-mapping system so that it can be utilised for commercial purpose.
The Minister said that trains can also be run on public-private partnership (PPP) model for tourism purpose.
He said railways have finalised five PPP models. "We have prepared five PPP models for the industry. You can work in station development, freight terminal, port connectivity or new line as these areas are open for PPP investments."
On foreign direct investment (FDI) in the rail sector, he said, "Now 100 per cent FDI is allowed in railways. Barring operation, FDI is allowed in eight areas including high speed, dedicated freight line and suburban trains."
Emphasising on transparency, Sinha said, "It is the prime criteria in private investment."
