World Bank Makes Presentation To Railways Minister; Outlines Role In Financing National Rail PlanPM Modi and Union Minister Ashwini Vaishnaw

The officials at World Bank made a presentation to Union Railways Minister Ashwini Vaishnaw and other senior officers about the role that it can carry in funding the country’s ambitious National Rail Plan that will unfold over the coming three decades.

The National Rail Plan and the National Infrastructure Pipeline has planned for the construction of around 13 bullet train corridors across India.

It also projects establishing 8000 kms of high-speed corridors and dedicated freight corridors (DFCs) each. The funds involved in these projects will be to the tune of Rs 40 lakh crore.

Meanwhile, the World Bank has offered to lend its expertise in handholding the execution of partnerships with private players along with developing intermodal stations and also upgrading the existing lines.

The presentation predicts ‘open access’ in future DFCs along with commercial financing of the freight infrastructure in the country within three years. This is slated to be done through methods such as ‘bond issuance’, ‘asset recycling’ etc.

With respect to the passenger services, the Bank proposes implementing the public-private partnership (PPP) model by developing new high-speed routes and commuter rail network.

The thorough implementation of these plans will reportedly result in a 20 per cent increase in traffic being carried through freight corridors.

These steps will thus cut down the Indian Railways’ share of infrastructure ownership costs by around 20 per cent, Indian Express reports.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber