 "What ails the Railways Even the much-touted station redevelopment could not take off on account of low investment appetite in the construction sector")
The Narendra Modi government has set the Indian Railways on course for private participation to meet its funding needs, underlining the long understood realisation that the exchequer alone cannot finance infrastructure building and its operations. But unlike other infrastructure sectors, the Railways’ public-private participation (PPP) record has been patchy and difficult to implement.
Yet the need for some sort of partnership is becoming urgent. In her July 5 Budget speech, Union Finance Minister Nirmala Sitharaman said the Railways needed Rs 50 trillion in five years to 2030. But she admitted to the government’s inability to meet the requirement: Current
Yet the need for some sort of partnership is becoming urgent. In her July 5 Budget speech, Union Finance Minister Nirmala Sitharaman said the Railways needed Rs 50 trillion in five years to 2030. But she admitted to the government’s inability to meet the requirement: Current
