Suresh Prabhu likely to present White Paper on Railway finances

Source:  www.firstpost.com

New Delhi: Railway Minister Suresh Prabhu is likely to present a White Paper in Parliament on finances and projects in the ailing national transporter.

“The White Paper on Railways will mainly look at issues such as dynamic revenue earning model, freight and fare rationalisation, and capacity augmentation,” said a senior Railway Ministry official.

All directorates have given inputs to prepare the status of their ongoing projects and pending ones, reasons for delays and solutions, the official said.

The report is likely to be presented during the the Budget Session of Parliament.

The then Railway Minister Mamata Banerjee had presented a White Paper in December 2009 and a Vision 2020 for the transporter.

However, this time, Prabhu is mainly focusing on the tapping more revenue channels.

A committee led by former Banking and Financial Services Secretary DK Mittal, constituted by Prabhu, has already submitted recommendations on the new fund raising and revenue models for the railways. More info

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