Date Of Post: 02 Feb, 2018
New Delhi: The railway board is considering a proposal to allow private players to own, operate & execute railway lines, senior railway officials said, as the Union Budget earmarked the highest-ever capital expenditure of Rs 1.48 lakh crore to it. The proposal includes allowing private sector to invest in full projects, with railways only charging a licence fee for it, sources said.
- When asked about the plans to allow private players to own & operate rail lines on their own, Railway Minister Piyush Goyal said,”I would want the participation of private players in the railway sector. Why not? They will only improve our efficiency and bring in bigger investments.”
- Rs 1.48 lakh crore has been allocated for 2018-19 in the Budget for the railways against Rs 1.31 lakh crore allocated during previous years Budget, but Goyal plans to mobilise financial resources for the planned expenditure, particularly by accruing private sector investments.
- The minister said,”We are going to improve efficiency. Losses can be made up through efficiency.”
- The railway board has already taken a decision to modernise the entire signalling system, Goyal said.
- Goyal said,”ETCS (European Train Control System) II, which is the most modern signalling system in the world will be brought to India. In the next 5-6 years as the system is put in place, there will be no delays due to fog anymore.”
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