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LATEST NEWS UPDATES | It will take decades to complete the sanctioned railway projects: government -Yuthika Bhargava & Sobhana K Nair

It will take decades to complete the sanctioned railway projects: government -Yuthika Bhargava & Sobhana K Nair

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published Published on Jan 22, 2020   modified Modified on Jan 22, 2020
-The Hindu

Public private partnership (PPP) is the only way out, Ministry tells parliamentary panel

New Delhi:
Even with an annual capital expenditure of about ?1.6 lakh crore for the Railways — which is the highest-ever — it will take decades to complete the sanctioned projects, the Ministry of Railways told a parliamentary panel on Monday, adding that public private partnership (PPP) is the only way out.

The Ministry told the Standing Committee on Railways headed by former Union Minister and BJP leader Radha Mohan Singh that the transporter needs ?50 lakh crores to complete the sanctioned projects till 2030.

“Given that the capital expenditure outlays are around ?1.5-1.6 lakh crore per annum, completing even all sanctioned projects would take decades,” it said in its presentation. The Ministry said the only way out is using private investment.

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The Hindu, 22 January, 2020, https://www.thehindu.com/news/national/it-will-take-decades-to-complete-the-sanctioned-railway-projects-government/article30618483.ece?homepage=true


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