India: Govt outlines areas open for FDI in railways

India_4364622053cd2dd19db6bThe new Railway ministry outlined areas open for private and foreign direct investment (FDI) and specified guidelines for the same, besides identifying 38 specific projects which could attract FDI worth Rs.90,000 crore (EUR 11,7 billion).
Some of the key projects open for FDI include a Rs.63,180-crore (EUR 8 billion) Mumbai-Ahmedabad high-speed corridor, a Rs.14,000-crore (EUR 1,8 billion) Mumbai CST-Panvel suburban corridor and a Rs.1,200 crore (EUR 156 million) coach manufacturing factory at Kanchrapara in West Bengal.
The ministry listed 17 areas for private and foreign investment, including suburban corridor projects, high-speed train projects, freight lines, rolling stock manufacture, electrification, signalling, freight terminals and logistics parks, passenger terminals, training institutes, testing facilities, branch lines and hill railways, non-conventional energy, mechanized laundry, rolling stock procurement, bio-toilets, level crossings solutions and safety solutions.
Source: livemint.com


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