Railway Minister Piyush Goyal says there is no proposal to privatize Indian Railways – Railway Minister Piyush Goyal said – there is no proposal to privatize Indian Railways

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new Delhi:

The government on Monday clarified that there is no proposal to privatize Indian Railways. Railway Minister Piyush Goyal said this in written reply to Abdul Khalik's question in Lok Sabha. The Railway Minister said that it is estimated that by 2030 Indian Railways will need a capital investment of Rs 50 lakh crore for network expansion and capacity addition, rolling stock induction and other modernization works to provide better passenger and freight services. To get it done. "There are plans to bridge the capital funding gap and use the Public Private Partnership (PPP) medium in some initiatives for modern technology and efficiency," Goyal said. Through this, modern racks can be used to run passenger trains on selected routes with the aim of providing improved service to the passengers.

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He said that in all such cases, the responsibility of train operation and safety certification will be with the Indian Railways. The Railway Minister said that the Railway Ministry has invited applications for investment on selected routes through public private partnership and to include modern racks to provide world class services to the passengers. He said that as part of this initiative, Ministry of Railways has issued 12 qualification requests on 1 July 2020 to run around 109 pairs (divided into 12 clusters) of passenger trains on the basis of design, construction, finance and operations through public private partnership. . Goyal said, "There is no proposal to privatize Indian Railways. ''

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(Apart from the headline, this news has not been edited by the NewsBust team, it is published directly from the Syndicate feed.)

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