Govt to announce tough steps to restructure Railways soon

Source:  www.business-standard.com

Hinting at some hard decisions to be undertaken to restructure the ailing railways, government today said it has to be done for betterment of the state-run transporter.

“Some tough steps will have to be taken for restructuring of railways. Though many will not like it but we have to do it,” said Minister of State for Railways Manoj Sinha here at the India Rail Summit.

The approach of the NDA government is to modernize Railways through Public-Private-Partnership (PPP), Foreign Direct Investments (FDI), alternative Sources of Funding and Internal Resource Mobilization.

Sinha said Prime Minister Narendra Modi is committed to transformation of the Railways. “I assured it will happen soon.” More info

Ilustration Net Photo: 18704 Indian Railways WDM3A at Bangalore, India by Binai.K.Sankar

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