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July 27, 2009

India to prepare railway investment strategy

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INDIA's Ministry of Railways has set up a committee of 16 experts to draw up a so-called Vision 2020 strategy to find innovative ways to fund uneconomic but socially-desirable railway investment projects as public-private partnerships. The committee will be chaired by Mr Amit Mitra, secretary general of the Federation of Indian Chambers of Commerce and Industry.
A number of projects have been identified as suitable candidates for the committee to consider. One involves using railway land along the Delhi-Mumbai Eastern Dedicated Freight Corridor to set up freight terminals, logistics parks, and facilities to manufacture and refurbish rolling stock. Other projects include a coach factory at Kanchrappara, a 1000MW power station, and developing "world class" stations.

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