Indian Railways likely to witness fast track development with boost from private players! Union Railway Minister Piyush Goyal recently highlighted the need for support from the private sector in order to accelerate the fast-track development of the Indian Railways network.
The Minister dismissed the speculations of privatisation of the network, but stressed on the need for a public-private partnership (PPP) funding model, according to a PTI report. Referring to the fact that some of the trains on the network still operate slowly due to lack of required infrastructure, he stated that he wishes to end the era of slow-moving trains.
This can be done by making way for fast speed-driven electric trains as well as mainline electric multiple unit (MEMU) trains on the network, similar to the trains which are run in Mumbai suburban routes, with the help of the private sector.