Railways to Partner With TN Government to Develop Suburban Network

Indian Railways will share equity contribution with the State Governments and ensure cost neutrality on operations.

Published: 26th February 2016 03:33 AM  |   Last Updated: 26th February 2016 03:33 AM   |  A+A-

CHENNAI: The Railway budget has outlined the need for partnership between the Centre and State Government and is expecting the Tamil Nadu Government to play a key role in developing the suburban railway network.

“We intend to undertake a major programme to build an integrated suburban ecosystem of Indian Railways by launching a new investment framework. Indian Railways will share equity contribution with the State Governments and ensure cost neutrality on operations. We will come out with a detailed policy in this regard in the next 4 months. We intend to partner with the State Governments of Gujarat, Telangana and Tamil Nadu for developing suburban sections in Ahmedabad, Hyderabad and Chennai, respectively by deploying innovative financing mechanisms,” Railway Minister Suresh Prabhu said.

Official sources in Southern Railway said that a Joint Venture between the Ministry of Railways and Tamil Nadu Government for executing railway projects is being explored.

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