IR can formulate SPV with all the state government to execute the concerned Railway Project.The concerned specific Railway Project SPV may also issue Long Term Tax Free Infrastructure Bond for that Specific Railway Project.
So the interested organisation/ Railway users association members/Season ticket and Regular passenger / passenger utilizing the proposed Railway Project are very much eager to subscribe in the Concerned SPV Railway Project.
Example...Madurai-Virudhunagar- Kovilpatti-Vanchi Maniyachi-Tirunelveli-Nagercoil Doubling with Electrification Project SPV in Madurai and Tiruvananthapuram Division in the Tamilnadu territory in the Southern Railway..
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more... I ,myself the native of Kovilpatti,in Thoothukkudi District ready to subscribe in this SPV ,Long Term Tax- Free Bond ( tenure 6 to 10 years ) of Rs 100000 .
Similarly so many persons presently living in this vital route , those who are having native in this route and NRI are interested in executing this SPV Railway Project and ready to subscribe in this specific SPV.
IR may be considered this proposal and other PROJECTS with people participation in the form of subscribing in the Long Term Tax Free Infrastructure Bond..
Moreover those who are invested in these SPV, 10 % rail fares concession Discount coupon ( travel ticket and season ticket ) have to be issued every year for 5 % of the investment amount .ie For Rs 100000 investment Rs 5000 Discount coupon have to be issued every year under the subscribers name with id which can be utilized by his family members only.
In this mode most of the people are voluntarily encouraged in participating the specific purpose SPV RAILWAY PROJECT.