Hyderabad: Railway minister Suresh Prabhu on Monday said the public transporter intends to form special purpose vehicles (SPVs) with different state governments to undertake projects, as...
The railway minister added that the government is exploring the possibility of raising loans from foreign pension funds at cheap interest rates. “We will negotiate for the best results,” he said at a seminar on public private partnerships and foreign direct investment in Indian Railways. Good and welcome move by our RM who tries to get the cheapest interest rate loan for the development of our IR SYSTEM. Moreover the SPECIAL PURPOSE VEHICLE Funds arrangements with all the State government also vastly benefited for the additional Railway infrastructures developments in all the states... more...
where the Projects are implemented in the Super Fast Track mode .
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