Railways Encourage Private Investment for Improving Rail Infrastructure

Press Information Bureau: Nov 22, 2012A draft policy for strengthening rail connectivity and capacity augmentation is under consideration. The policy envisages certain participative models to encourage private investment for improving rail infrastructure.

A number of areas have been identified for project execution through Public Private Partnership. These include an elevated rail corridor (Churchgate, Private freight terminals, Terminal Development Scheme, Development of Automobile and Ancillary Hub, Liberalized Wagon Investment Scheme, Wagon Leasing Scheme, Automobile Freight Train Operators Scheme, Special Freight Train Operator Scheme, Port connectivity, Dedicated Freight Corridors and loco and coach manufacturing units, etc.

Memorandums of Understanding (MoUs) have been signed with Belgium, Austria and Spain for cooperation for effective development and modernisation of Railway sector in the country. The cooperation programme, inter alia, includes consultation for modernisation of railway stations, introduction of High Speed, Signalling, etc.

This information was given by the Minister of State for Railways Shri Adhir Ranjan Chowdhury in written reply to a question in Lok Sabha today.

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