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.
Presently there is no proposal to involve funds from Member of Parliament Local Area Development Scheme (MPLADS) and Corporate Social Responsibility (CSR) fund in completion of Railway Projects. But it is proposed to tap these funds for passenger amenities & facilities at Railway Stations.
This information was given by the Minister of State for Railways Shri Manoj Sinha in written reply to a question in Rajya Sabha today.
AKS/HK/SK/RV
Presently there is no proposal to involve funds from Member of Parliament Local Area Development Scheme (MPLADS) and Corporate Social Responsibility (CSR) fund in completion of Railway Projects. But it is proposed to tap these funds for passenger amenities & facilities at Railway Stations.
This information was given by the Minister of State for Railways Shri Manoj Sinha in written reply to a question in Rajya Sabha today.
AKS/HK/SK/RV
