Home » Business » PPP in railways allowed for better connectivity
The railways, whose performance in public-private partnership projects has been dismal, will try five different models for inviting private sector participation for last-mile connectivity projects.
From generating funding by customers and joint venture projects with equity participation by the railways to projects on a build-operate-transfer and BOT annuity basis, the government hopes it will be able to have speedier implementation.
The proposed framework is also expected to help the railways increase freight volumes. Over two dozen projects in the mining and power sector have been identified for providing rail connectivity.
In a late evening Cabinet meeting, the government also approved expansion of Kolkata's international airport, including construction of an integrated terminal building.
The formal inauguration is likely on January 23, birthday of Subhash
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