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Railway Budget to signal road to reform: Prabhu

Fall in oil prices likely to give railways 25% boost in investments

Reuters  |  New Delhi 

The railway budget, to be presented later on Thursday, will signal the direction of long-term reforms needed to revamp the world's fourth-largest rail network, minister Suresh Prabhu said. "The budget will set the direction of long and difficult road of reform," Prabhu told state-run broadcaster DD News ahead of his budget presentation. India's decrepit state-run train services stand to receive at least a 25% boost in investment to over $9 billion, funded solely by falling fuel costs, according to officials familiar with the railway budget. ALSO READ: ...

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First Published: Thu, February 26 2015. 10:34 IST