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Mamata rules out Railways` privatisation; opts for PPP route

Ruling out privatisation, Railway Minister Mamata Banerjee Wednesday said her ministry will follow public-private partnership (PPP) mode for infrastructure development of the largest PSU.



New Delhi: Ruling out privatisation, Railway
Minister Mamata Banerjee Wednesday said her ministry will follow
public-private partnership (PPP) mode for infrastructure
development of the largest PSU.

Banerjee, while addressing the Railway Consultative
Committee meeting here, told the members that the PPP mode
will be followed in expanding infrastructure and assets and
for creating more employment.

Pointing out that many socially desirable projects could
not be implemented because of funds shortage, she told the
committee that PPP is an instrument of mobilisation for
increased revenue from new business opportunities for
infrastructure investment.

Referring to the Indian Railways Vision 2020 she said
there is a need to adopt new vision and new thinking for the
development of the PSU.

On commercial utilisation of railway land, she said those
not required for immediate railway operations can be adopted
to set up manufacturing facilities for locos, coaches, and
components as also for hospitals, medical colleges and
training institutions.

The minister further said that employees unions are
regularly involved and consulted in major decision making
process.

Some of the members suggested to focus on basic passenger
amenities.

PTI

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