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.
The trend of leaders and their family members in the country being corona positive continues. Now
Indira Gandhi National Open University (IGNOU) has extended the re-registration deadline for Janu
Court Exempts Kejriwal in Defamation Complaint
New Delhi, Feb 11 (IANS) A court here Wednesday granted AAP leader and Delhi Chief Minister-des
Tension has increased in the relations between India and Canada in the last few months. Canadian
IRCTC Special Trains Guidelins: Entry and exit plan of Delhi station changed after unlock 1.0
New Delhi: Out of 100 pairs of trains started from June 1 across the country, 44 pairs of trains
967 Security Personnel Awarded Police Medals
New Delhi, Jan 25 (IANS) A total of 967 personnel, the maximum from the Central Reserve Police
The weather has taken a turn in Delhi NCR. The clouds that had been hovering since Saturday morni
Pre-booking of color changing smartphone Vivo V27 5G starts in India, know offers and features
Vivo launched Vivo V27 Pro and Vivo V27 in India earlier this month. Of these, Vivo V27 Pro is al
Tripura hosts Asia's Largest Theatre Festival
Agartala, Feb 5 (IANS) The 17th edition of Bharat Rang Mahotsav, Asia's largest theatre festival
Vikrant Massey is one of the most talented actors in Bollywood. He has played many types of roles
