NEW DELHI: This summer, India plans to auction one of its largest Public Private Partnership (PPP) projects that entails redeveloping 25 of the country’s most prominent railway stations at a minimum investment of Rs 30,000 crore, railway minister Suresh Prabhu told ET. The railroad’s operating ratio was 96% in FY2017, leaving the government with little money to reinvest in the maintenance and improvement of the existing network. "To give you a perspective, the operating ratio moves by 1% when the expenditure increases by Rs 1,725 crore. That would mean that the operating ratio should have increased by almost 15% as compared to last year. If it were business as usual, we would have ended up at 105% as the operating ratio.

Source: Economic Times May 02, 2017 18:33 UTC