Media reports suggest that the Indian Railways is confident of attracting the targeted investment in port connectivity projects during the next five years.
The railways set a target of around Rs 5,000 crore investment in port connectivity over the next five years. To begin with, they expect investment worth Rs 3,800 crore from the private sector for six projects, with the cabinet approving the participative models of rail connectivity.
In addition, the railways expects to attract more private investments, as stakeholders have been kept in the loop during the process of formation of policy.
The railways have tried to address the bottlenecks in the earlier Railways’ Infrastructure for Industry Initiative (R3i) policy from two angles — bringing a required change in participative models and expediting decision-making.
According to the private line model, 95 per cent of the net apportioned revenue will be shared with the private party, after deducting the operation and maintenance costs. Earlier, 95 per cent was shared over the gross revenue. There would be no takeover of private infrastructure by the railways, according to the new model.
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