Hyderabad, Jan 19 (IANS) The Indian Railways has decided to form Special Purpose Vehicles (SPVs) with all the states to undertake specific railway projects in the concerned states, said Railway Minister Suresh Prabhu.
He told reporters here Monday that the SPVs will be formed with equity participation from the Railways and the state governments concerned.
"Some state or other always complains justice is not done to them in sanctioning railway projects. We have decided to have SPVs with each state to meet its specific requirements," he said.
The minister said each state will decide the priorities and send it to the Railways, which will execute projects under the SPV.
"What surplus is generated will remain with the state for expansion of rail network and other works," he said.
Prabhu, who flagged off two new trains at Secunderabad Railway Station, said during a meeting with Andhra Pradesh Chief Minister N. Chandrababu Naidu three days ago they decided to form the SPV.
He said he would propose the same to Telangana Chief Minister K. Chandrasekhar Rao during a meeting with him here later in the day.
Stating that demands for new trains, new railway lines and other railway projects continue to come from the states, the minister said bringing investments to meet the requirements was a challenge for the Railways.
Asked whether his statement that Railways is in bad financial position means an imminent hike in fares, Prabhu remarked: "Burden of Railways is burden of common man as the Railways belongs to common man."
"We have to make sure how railways are run properly, giving more benefits and more amenities to common man," he added.
Women's World Cup Points Table: Pakistan also lost to Bangladesh, after facing fourth consecutive defeat, at the bottom of the points table, know which number India is at?
ICC Women's World Cup 2022 Points Table: In the ICC Women's World Cup 2022, Pakistan (PAK w vs BAN w) has suffered a fourth consecutive defeat. In the 12th match against Bangladesh, Pakistan had to
Slap Gate Controversy: Harbhajan's first reaction to the leak of the video of slapping Sreesanth, lash out at Lalit Modi
The video of one of the most controversial moments in cricket, 'Slap-gate', has once again stirred up a storm of discussion. In this incident, Harbhajan Singh slapped S. Sreesanth on the hand during
Compulsory army recruitment in Russia: One lakh recruits will be there to fight Ukraine, the rules have been made stricter by passing a new law in Parliament
After 15 days of the attack on Ukraine, now Russia's spirits have started to waver. Russia's army of about two and a half million, after two weeks, the army is also badly tired of fighting. Due to
Government Ad against Ethos of Constitution: Congress
New Delhi, Jan 28 (IANS) Slamming the government for an advertisement that depicted an image of the preamble of the Constitution without the words 'secular' and 'socialist', the Congress Wednesday
Ukraine: Dead bodies, no electricity, no water on the streets amid the Mariupol bombing
Russian troops have surrounded the city of Mariupol, Ukraine. And due to the continuous bombing by the Russian army, the contact of this city with the outside world has been cut off. There are still
Anand Mahindra congratulated the new CEO of Twitter in this way, know what he said through a tweet
Indian-origin Parag Agarwal has been appointed as the Chief Executive Officer (CEO) of micro-blogging site Twitter. After Parag Aggarwal took over the command of Twitter, social media has been flooded
PAN Aadhaar Card Linking Status: Check whether your PAN is linked to Aadhaar or not, know the complete process here
The date of linking the Aadhaar card with PAN has been extended till 30 June. The Income Tax Department informed by tweeting that because of the problems arising out of the coronavirus epidemic, the
Oscars 2024 Highlights: From falling on the red carpet to being a nude presenter on stage, they caught attention at the Oscars
Oscars 2024 Awards winners have been announced. Oppenheimer and Barbee dominated the event this year. Apart from this, many such things happened in the event which attracted people's attention. These
Modi assures discussion on important issues
New Delhi, Feb 23 (IANS) Prime Minister Narendra Modi Monday reached out to the opposition and said the government will try and ensure that all important issues are discussed in the budget session
Maharashtra CM: 'Maratha community wants to see Shinde as CM', claims Shiv Sena leader amid suspense over Chief Minister
After the victory of Mahayuti in Maharashtra, there is no suspense over the name of the Chief Minister. Meanwhile, a Shiv Sena leader said that the Maratha community wants Eknath Shinde to remain in
