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Central govt takes initiative to modernize Indian Railway
TIWN Oct 10, 2016
Central govt takes initiative to modernize Indian Railway
PHOTO : TIWN

AGARTALA, Oct 10 (TIWN) : As Tripura could not connect itself with Rail-line so it was lagging behind till day in the matter of development. But Modi govt. as a challenge dealt with that matter and adopting Western world and developed countries.

According to the sources, World Bank is investing the highest ever fund to develop Indian railway, which will effect North East too. In this regard,  “As Rail-line is earning profits for Western World, so India will now follow that policy to earn profit”, mentioned Suresh Prabhu.

According to the reports, World Bank would be anchor investors in this new fund, along with other co-investors. India has decided to with the World Bank on creating a Railway Development Fund. Hence North Eastern states will see the fruits for it.

Reportedly, with 100 per cent investment allowed in most segments of railway infrastructure such as suburban rail, metro rail, locomotive and rolling stock, manufacturing and maintenance, signalling and electric works and dedicated freight lines, the Ministry of Railways envisages investments worth USD142 billion in the sector that will not only bring about more efficiency in the lifeline of Indian transportation but also boost manufacturing and fulfill the directive of Make of India.

 

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