The Railway Budget 2010-11 presented today in New Delhi by Railway Minister Mamata Banerjee focused on Public Private Partnership (PPP) model for development of Indian Railways. To encourage PPP model, the Indian Railways will set up a special task force to clear proposals within 100 days. “Early clearance of projects will be discussed with the Prime Minister, Finance Ministry and Planning Commission and the policy guidelines will be made easy, simple and investment friendly,” said Banerjee, adding that, the Indian Railways will not be privatised and will remain a government organisation.
According to Banerjee, the need of the hour is to develop new business models and invite domestic investment through PPP model in areas like new lines to world class stations, auto hubs to ancillary industries, manufacturing units of rolling stock to multi-modal logistic parks, high speed train corridors to port connectivity and multi-level parking to mine connectivity etc. The Indian Railways will build close to 93 new 'Multi-functional complexes', 94 new 'Adarsh' stations across India and multi level parking complexes in large cities. |