Railway projects have, for long, suffered from financial crunch. A number of new initiatives have been announced in Railway Budget 2015-16. This includes formation of Special Purpose Vehicle (SPV) with equity participation by State Government & Railways, generation of resources through market borrowings i.e. low cost long term funds from insurance & pension funds, multilateral & bilateral agencies etc. for remunerative capacity enhancement projects, setting up of infrastructure funds, partnership with Railway PSUs, introduction of EPC (Engineering Procurement & Construction) system of contracting etc.
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