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Tuesday, 19 May 2015

Ministry Aim to make the Railways more efficient and optimize the resources available with the organization :SureshPrabhu

Ministry Aim to make the Railways more efficient and optimize the resources available with the organization  :SureshPrabhu

NEW DELHI: Union Railways minister, Suresh Prabhu, in an exclusive chat with ET Now, stated that private investment is welcome in upgradation and green field projects for railway wagons and railway terminals. These projects can come up in existing Railway land. 

He said that the aim for his ministry was to make the Railways more efficient and optimize the resources available with the organization rather than adding new projects stretching existing bandwidth and resources in the Railways. 

Prabhu explained that it did not make sense to sell off pockets of land owned by the Railways as the money realized for such land would not solve even a fraction of the funding needs of the Railways. Rather, ownership of such land made more sense to construct new facilities after pursuing alternative means of funding. 

If the Railways, sold off its land it would again have to purchase land for construction of new capacity of wagons and freight terminals. 

Source: Economic Times.

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