No hike in fares, Railways to attract FDI in infra projects

Posted on Jul 8 2014 - 9:40pm by IBC News

New Delhi, Jul 8 Sparing passengers of any further fare hike, Railway Budget for 2014-15 proposes to attract private domestic and FDI in infrastructure projects and pursuing private-public partnership to boost the finances of the cash-strapped railways.

Having hiked fares to the tune of 14.2 per cent recently, Railway Minister Sadananda Gowda who presented the new government’s first budget in Lok Sabha said he plans to leverage railway PSU resources by bringing in their investible funds in infrastructure projects.

About the Author