Indian Railways aims to attract private investments worth Rs 50,000 crore for its expansion projects during the 12th Five Year Plan period. There is no definite plan in place, thoÂugh, to design and award public-private partnership (PPP) projects that could generate sufficient corporate interest.
The projects that could be implemented in the PPP mode include the Ahmedabad-Mumbai-Pune high-speed rail corridor, the dedicated freight corridor which is integral to the Delhi-Mumbai industrial corridor and a clutch of locomotive and coach factories. Railways plans to award projects worth Rs 1.16 lakh crore in five years and private firms are expected to bring in 43 per cent of the finances required. A recent presentation to the high-level comÂmittee on infrastructure finaÂncÂing headed by former deputy governor of Reserve Bank of India, Rakesh Mohan, Railways needs Rs 5.2 lakh crore of public investment during the period.