• Breaking News

    Monday, 3 August 2015

    NO PLANS OF PRIVATISATION OF RAILWAYS AND RAILWAY SERVICES

    Press Information Bureau 
    Government of India
    Ministry of Railways
    03-August-2015 17:56 IST

    No Plan of Privatisation of Railways 

    There is no plan to privatise Railways. However, private participation for building/ strengthening rail infrastructure is permissible. As per the sectoral guidelines for Domestic/ Foreign Direct Investment issued in November, 2014, private participation is permissible in suburban corridor projects through Public Private Participation, high speed train projects, dedicated freight lines, rolling stock manufacturing and maintenance facilities, railway electrification, signaling system, freight terminals/ logistics parks, passenger terminals, railway technical training institutes, testing facilities, concessioning of standalone passenger corridors, non- conventional sources of energy, mechanized laundry, bio toilets, technological solutions for level crossings and to improve safety. 

    Apart from private participation for building/ strengthening rail infrastructure, no plan has been chalked out for mobilisation of private funds for Railways. For development of Railway projects, Memorandum of Understanding has been signed with Life Insurance Corporation of India for 1.5 lakh crore to be made available over a period of five years. 

    This information was given by the Minister of State for Railways Shri Manoj Sinha in a written reply to a question in Lok Sabha today. 

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    Source:- PIB


    Press Information Bureau 
    Government of India 
    Ministry of Railways 

    03-August-2015 17:55 IST 

    No Plans of Privatisation of Rail Services 

    There are no plans to privatise the railway services. However, outsourcing of certain facilities like cleaning, pay and use toilets, retiring rooms, parking, ticketing etc. is done on need based manner to improve efficiency. As per the sectoral guidelines for Domestic/Foreign Direct Investment issued in November, 2014, private participation is permissible in suburban corridor projects through Public Private Partnership (PPP), high speed train projects, dedicated freight lines, rolling stock manufacturing and maintenance facilities, railway electrification, signalling system, freight terminals/logistics parks, passenger terminals, railway technical training institutes, testing facilities, concessioning of standalone passenger corridors, non-conventional sources of energy, mechanized laundry, bio toilets, technological solutions for level crossings and to improve safety. 

    This information was given by the Minister of State for Railways Shri Manoj Sinha in a written reply to a question in Lok Sabha today. 

    ****
    Source:- PIB

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