Union Minister Suresh Prabhu has announced that World Bank would be the anchor investor in the new Railway Development Fund, which would be used to fundmodernization of Indian railways.
- It would be the largest ever provided by the World Bank to the Indian Railways.
Suresh Prabhu is in Washington DC to attend a World Bank meeting on transportation. During his meeting with US Transportation Secretary Anthony Renard Foxx the two leaders decided to create an umbrella agreement with the Department of Transportation about transportation sector in general.
- Globally railways get 30-40% of their income from non-railway operations. In India it is not even 2%.
No comments:
Post a Comment