Joint ventures - Latest News Update, Information, Photos & Videos on Joint ventures at Lokmat Times

New Delhi, March 28 Private sector could help increase funding options for creating railway infrastructure, said ratings agency ICRA."Given the increased funding requirements, besides higher global business services (GBS), other avenues like Joint Ventures (JVs) with the state government, sourcing funds from multilateral financing institutions, and attracting private sector investment will be important," said Shubham Jain, Senior Vice-President and Group Head, Corporate Ratings, ICRA."Railways is also exploring various modes of public-private partnership, (PPP) including for creation of infrastructure, operations and maintenance, monetisation of operating assets, etc. If appropriate risk-reward balancing is done in these projects, private sector participation can help increase funding options."According to the agency, a key infrastructure area where PPP can increase considerably is the redevelopment of railway stations.It cited that there are more than 8,000 passenger railway stations with nearly all of these owned and operated by the Indian Railways.Earlier, railways had explored the PPP route for redevelopment of some key stations in the past, however, only one project could be awarded on the PPP mode.Subsequently, participation from private players for these projects was muted.However, certain modifications were undertaken in the PPP model to make it more attractive for private sector participation.Consequently, the agency expects that private player's interest in such projects would increase."Overall the investor relations (IR) is looking at various modes of PPP model for attracting private sector participation in various railway infrastructure projects. If adequate risk-reward balancing is achieved, the PPP in railways could achieve significant success and help IR improve the pace of infrastructure development," Jain added.Notably, the Indian Railways is set for a major Capital expenditures (capex) programme and has formulated a long-term plan document called the National Rail Plan (NRP).The NRP target is to increase railway's freight share to 45 per cent by way of developing or augmenting rail infrastructure capacity along with other strategies.At present, Indian Railways has three key areas of capex track, terminal infrastructure and rolling stocks.Overall investment of Rs 38.2 lakh crore is envisaged for the Indian Railways by 2051 under the NRP.Nonetheless, it has three key funding sources Gross Budgetary Support, internal accruals from operations and extra-budgetary resources.Lately, Railways have been looking to attract private investment towards infrastructure development.In the past, it had formulated various modes of PPP models for rail connectivity projects, though it achieved some success.But only about 3,000 km of track infrastructure with a project cost of Rs 41,695 crore has been created using PPPs.Till now PPPs in rail infrastructure have been mostly in the port or mine connectivity projects.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Joint VenturesFOLLOW

Joint ventures, Latest News

Business :Patel Engineering Ltd. Along With It’s Joint Venture Partners Have Been Declared Lowest (L1) For New Orders Aggregating Rs. 1,5676.24 Mn., Our Share 10,090.56 Mn

Mumbai (Maharashtra) [India], February 15: Patel Engineering Limited, a civil construction Company specializing in the hydropower and irrigation sector, today ... ...

Business :Merger & Acquisitions and Partnership Model to pave way for Party Cruisers India Limited in next two years

Indian weddings are known for being larger than life affairs and to transform the industry, one of the leading pioneers Zuzer and Rachana, founded Party Cruisers India Limited. The moto of the company is to create an 'awe' experience and an 'aestheti ...

Business :'Pvt sector can help increase funding options for rail infra'

New Delhi, March 28 Private sector could help increase funding options for creating railway infrastructure, said ratings agency ICRA. ... ...