Indian railways to invest $140 bn, Japan to modernise stations

By PTI  www.financialexpress.com

Japan has agreed to modernise railway stations across the country while participating in Indian Railways’ $140 billion investment over the next five years.

A Japanese delegation will soon visit India to study the opportunities for industries in the railway station development plan of railways as the public transporter has identified 400 stations to be upgraded in private investment, an official release said here today.

Railway Minister Suresh Prabhu, who is in Japan to strengthen cooperation in rail sector, held a series of high-level meetings with Japanese Prime Minister Shinzo Abe, Deputy Prime Minister and Finance Minister Taro Aso among other ministers and senior officials and has highlighted that the Indian public transporter would be the next major destination for infrastructure investment worth USD 140 billion, it said.

Participation of Japanese railways and Japanese companies in various areas of Indian Railways with the aim of modernisation and technology upgradation was also emphasised in the discussions. More info

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