Railways expects Rs 1 lakh cr investment in PPP projects

The Indian Railways expects Rs 1 lakh crore investment in PPP projects in the 12th Plan period (2012-17), said Manoj Singh, Advisor-Transport, Planning Commission of India, on Wednesday.

‚ÄúDuring the 11th Plan period, the Railways received a mere Rs 3,000 crore investment through public-private partnership route. We expect PPP investments in the current plan Period to be worth Rs 1 lakh crore,” Singh said while addressing a CII seminar on logistics here.
The Government has chalked out six unique models to relax the norms to attract more PPP investments.

Singh added “underfunding” has been a major challenge in expanding rail connectivity.

ayan.pramanik@thehindu.co.in

http://www.thehindubusinessline.com/industry-and-economy/logistics/railways-expects-rs-1-lakh-cr-investment-in-ppp-projects/article4948751.ece

Published in: on July 27, 2013 at 4:02 pm  Leave a Comment  
Tags: , , ,