Trivedi hints at PPP model to raise funds for rail

Last Updated: Thursday, November 17, 2011 - 19:37

Bhopal: Underlining the need to explore
various sources to generate income, Railway Minister Dinesh
Trivedi on Thursday hinted at examining the option of public-
private-partnership (PPP) model, saying merely raising
passenger fares cannot fulfill the existing shortfall in
fund requirements.

"We have to be a visionary to raise railways income
and that cannot be achieved merely by raising train fares. By
raising passenger fares, the railways may earn Rs 2000-3000
crore, but its requirement is Rs three lakh crore," he told
reporters during an inspection of Habibganj Railway Station.

"Our requirement is of an ocean, while by raising fares
we will only get a drop," he said.

Citing the example of Japan, Trivedi said, "Railways in
that country generate 40 per cent income from the other
sources on the basis of PPP models and here also we have to
think on those lines. Suburban stations like Boriwali and CST
in Mumbai, besides Chennai, New Delhi and Howrah, among
others, could prove to be a gold mines for the railways".

Replying to a query whether hike in passenger fares is
on the cards of the ministry in the next budget, Trivedi said,
"There is no need for us to wait for the railway budget to
raise the fares. It can be done without waiting for the annual
exercise also".

Trivedi later held a meeting with Madhya Pradesh Chief
Minister Shivraj Singh Chouhan and MPs from the state to
discuss various demands.

Chouhan said the state would provide government land to
the railways free of cost for developing rail network in MP.

He raised with Trivedi a number of other issues,
including gauge conversion and difficulties in laying
Lalitpur-Singrauli rail line in view of a tiger reserve
falling in the area.

He said that the issue of running EMU services from those
places where large number of people commute daily for the
purpose of jobs was raised during the meeting.

On the issue of shortage of rakes for transporting
fertiliser to the state, Trivedi said that already 10 rakes
were provided for the purpose and, if needed, more would
be made available.

PTI



First Published: Thursday, November 17, 2011 - 19:37

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