STRENGHTENING OF RAIL NETWORK
LOK
SABHA
Indian Railways is
exploring possibilities of forging partnerships with State Governments,
multilateral agencies and lending institutions in funding of rail
infrastructure projects. It is primarily through cost sharing,
participation in equity in case of implementation through creation
of Special Purpose Vehicle (SPV). Build-Own-Transfer (BOT) models
and in some cases privately owned infrastructure viz. port railways,
freight terminals. Share of State Governments in some of the on-going
projects is one-third to two-third of the total project costs
providing additional resources for completion of the projects.
This information
was given by the Minister of State for Railways Shri Bandaru Dattatraya
in a written reply to a question from Shrimati Shyama Singh and
four other Members in the Lok Sabha today.
