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Rail Budget 2014: FDI and PPP model in Indian Railway

308 views · Published 8 July 2014 · 0:39 · Indexed 12 November 2026

Channel: NEXT9NEWS हर खबर आप तक · 2014 · News & Politics

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Sadananda Gowda  proposed to launch a scheme to bring in investible surplus funds of railway PSUs in infrastructure projects which can generate attractive returns.
Proposing private investment in railways through domestic and FDI, Gowda said growth depends heavily on availability of funds for investment in rail infrastructure.
Internal revenue sources and government funding are insufficient to meet the requirement, the Railway Minister said, adding the ministry is seeking Cabinet approval for allowing FDI in rail sector.
FDI, however, will be limited to infrastructure development and not allowed in operations, he said.
He said the concept of PPP has not been successful in raising substantial resources for railways. "It is my endeavour to pursue this in right earnest. It is our target that bulk of our future projects will be financed through PPP mode, including the high—speed rail, which requires huge investments."
Apart from mobilising resources, Gowda said he needed to strategically manage other aspects of planning and administration by adopting a near—holiday approach, setting timelines for ongoing projects, strategic partnership and aggressive indigenisation of imported projects.
The annual plan for 2014—15 has been fixed at the highest ever outlay of Rs 65,445 crore with gross budgetary support at Rs 30,100 crore, Railway Safety Fund Rs 2,200 crore, internal resources Rs 15,350 crore, external market borrowing Rs 11,790 crore and EBR—PPP Rs 6,005 crore.

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