Prabhu suggest Investors to opt PPP Model to develop 400 Railway Stations

Railways to form JV with Rajasthan for Rail infrastructure developmentResurgent Rajasthan 2015 Summit

Jaipur:  Aiming at developing 400 railway stations across the country and 25 in Rajasthan on public private partnership mode, rail minister Suresh Prabhakar Prabhu on Thursday urged the investors to take it up to develop more infrastructural facilities at the railway stations.

He was speaking at the inaugural day of the Resurgent Rajasthan on the session on “Auto & ESDM sectors” at Jaipur exhibition convention centre, Sitapura.

Prabhu said that the railways is aiming at developing infrastructural facilities on A1 and A class railway stations across the state and they need it to be done on PPP model. “In Rajasthan 25 such stations including Ajmer, Jaipur and Jodhpur would be developed along with the others,” Prabhu said.

It may be recalled that union cabinet in July, 2015 had given a nod to this proposal in which it was decided that A-1 and A category stations (about 400) would be be offered for redevelopment by inviting open bids from interested parties. These stations are to be developed by leveraging real estate development of land and air space in and around the stations.

These categories of stations are generally located in metros, pilgrimage centres and important tourist destinations across the country.

On the progress, an official with the railways, said, “Japan has agreed to modernise 400 railway stations across the country while participating in Indian railways $140 billion investment over the next five years. A Japanese delegation will soon visit India to study the opportunities for industries in the railway station development plan of railways as the public transporter.”

“We are also open for several memorandums of understandings (MOUs) with the state government for the development of the railways in the state,” Prabhu said.

He further stated that Automotive and ESDM are the sunshine sectors and are related to human aspirations. India should cash in on this opportunity for making the country a centre for the global supply chain. “The Centre has notified Jaipur-Bhiwadi-Neemrana-Udaipur-Ajmer-Kota as the Brownfield Electronic manufacturing Cluster (EMC) for ESDM initiatives,” he informed.

Indian Railways to form Joint Veture with Rajasthan for Rail infrastructure development

Under this, a company jointly owned by the Centre and States will be formed, it will develop infrastructure and look into issues that the States deem to be important.

The Railways Ministry is looking at forming a joint venture with the Rajasthan government for developing rail infrastructure in the state, Union Minister Suresh Prabhu said today. Besides, he said, 24 stations of the state will be developed as model railway stations. “The Railways and the government of Rajasthan will be entering into a joint venture for developing railway infrastructure in the state,” he said at the ‘Resurgent Rajasthan Partnership Summit’ here. Under this, a company jointly owned by the Centre and States will be formed, he said, adding, it will develop infrastructure and look into issues that the States deem to be important. He further said the government is committed to provide all kinds of support to the state for development.

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