India looks to PPPs to accelerate rail investment

摘要

PLANS to accelerate the development of India's main line and urban rail networks through public-private partnerships (PPP) were unveiled as part of the 2019-20 Union Budget, which was announced on July 5. Finance and corporate affairs minister, Mrs Nirmala Sitharaman said a Rs 50 trillion ($US 72.9bn) investment will be needed in the country's railway infrastructure between 2018 and 2030, and given Indian Railways' (IR) annual capital expenditure is around Rs 1.5-1.6 trillion, completing all currently-sanctioned projects "would take decades."