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Wednesday, 16 July 2014

Railways gets proposals worth Rs.15000 Crore in Public-Private Partnership

Railways gets proposals worth Rs.15000 Crore in Public-Private Partnership

New Delhi:  Indian Railways has received proposals totaling Rs.15000 crore for development of various projects under the Private-Public Partnership model, Union Railway Minister Sadanada Gowda said today.

Gowda also defended the recent 14.2 per cent passenger fare hike and 6.5 per cent freight hike saying it was the need of the hour as there was no hike for the last 10 years and the organisation was being “run on unrealistic and impractical approach.

Source: RailNews

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