Though Prabhu welcomed investments in the sector, he made it clear that Railways will continue to be owned by the government.
During the meeting at Rail Bhawan with 130 investors, invited by the minister to discuss various avenues for investment in the sector, the Railways showcased various suburban and high-speed corridor projects. These include Rs 14,000-crore CST-Panvel suburban corridor, Rs 63,180-crore Mumbai-Ahmedabad high-speed project and Chennai-Bangalore-Mysore high-speed corridor, 11 freight lines, 16 passenger terminal and 5 rolling stock projects.
Though Prabhu welcomed investments in the sector, he made it clear that Railways will continue to be owned by the government.
Prabhu has set up a panel to suggest ways to improve the financial health of the transporter.
The committee headed by DK Mittal — former secretary, financial services – will identify avenues to reduce expenditure while studying the sufficiency of the existing revenue structure. It has also been asked to recommend ways to raise revenues besides identifying financial leakages in the system. The nine-member panel, which will submit its report by December 21, will also propose methods to monetize resources of Railways.
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