Photo: MintNew Delhi: As many as 16 states have responded till now to Railways’ offer of sharing cost of about 40 projects worth over Rs60,000 crore for speed implementation of laying new lines and development of stations among others. Railways has undertaken the steps to mobilise resources over and above the available budgetary resources to fast track execution of projects. “Railway minister Suresh Prabhu had written to all states for becoming partners in rail projects. Andhra Pradesh and Maharashtra governments have also agreed to form joint venture companies, the official said. The joint venture company can form Project Specific Subsidiary Company (Project SPV) which may have equity holding by other stakeholders like banks,PSUs, ports, mining companies etc.

Source: Mint December 04, 2016 04:29 UTC