EXPANSION OF RAILWAYS THROUGH PUBLIC-PRIVATE
PARTNERSHIPS
Indian Railways
have taken up expansion of its infrastructure through a number
of public-private partnerships. These participations involve equity
participation in Special Purpose Vehicles (SPVs) or cost sharing
of the projects.
Some of the major
initiatives include cost sharing of suburban rail projects by
the Governments of Maharashtra, Tamil Nadu, West Bengal and Andhra
Pradesh; participation through the SPV route by the Governments
of Karnataka and Maharashtra; cost sharing in non-suburban projects
by the Governments of Tamil Nadu, Karnataka and Jharkhand; private
participation in SPV in Pipavav Rail Corporation Limited and private
rail system for providing rail connectivity to Mundra Port.
In addition, there
are several proposals on hand, which are being shaped up by appropriate
financial engineering to attract private participation.
