Need $ 500 billion to modernise railways, says minister


Bengaluru, Jun 21 (DHNS): Railways Minister Suresh Prabhu on Saturday said India would need to invest 450 to 500 billion dollars over the next 15 years for the railways to perform more efficiently and be the leading transport sector in India.

Delivering the inaugural lecture at the Foundation Day of the National Institute of Advanced Studies (NIAS) here, Prabhu said the Indian railways has a massive history of not getting any investment at all for decades. “Unlike China, India has just not made any investment in the railways. Investment is urgently required as railways would be environment-friendly and cost-effective. I have been here for six months and have begun positively by initiating and unlocking a lot of measures that will in three or four years’ time make the railways healthy and hopefully initiate the culture of investing in the railways,” Prabhu said.

The railways, he said, would be borrowing money to the tune of Rs 1,50,000 crore from LIC as the railways had no internal source of income other than freight and passenger fares and government budget. “Technology infusement and modernisation of the railways would be our focus now.

“Nearly 39 budget announcements have already been implemented. Customer preference policies are being introduced and a massive information technology dose would be administered to the railways,” he said.

E-catering has been announced and customers can get the food they want by booking on e-catering which enables one to order for private food. Also, base kitchens are being developed to serve quality and healthy food. The railways would be able to provide quality food in its normal kitchens provided people pay the actual price of the product.

Other measures to modernise railways are: mechanised laundries to maintain fresh linen, redesign of coaches, unlocking the land value of railways in partnership with private sector (PPP mode), implementation of recommendations of the Ratan Tata-led committee on railway modernisation, implementation of e-tendering process, an IT vision for railways, audit of energy, water, implementation of solar energy for railways and achieving carbon footprint.

The minister said if the idea of India as a unified country must succeed, its population needs to be integrated. “We will have to manage a population of 1.6 to 1.8 billion up from the current 1.25 billion.”

“To carry this load is not possible without logistics, particularly transportation. And railways is one of the answers, which now carries annually three million people. So the potential exists and there’s a huge market, Prabhu pointed out.

New station building

The minister inaugurated a new station building at the Bengaluru City station that would serve as the second entry from its Okalipuram entrance.

Built at a cost of Rs. 5.5 crore, it will house nine ticket counters, parking space in the basement and toilets, a cloak room, an AC lounge.

The building will also have a food court and fast food counters very soon. Suresh Prabhu also inaugurated new station building at KR Puram along with and foot-over bridges at Koppal, Almatti, and Alnavar and staff quarters at Hubballi by remote.

Prabhu pointed out the need for an alternative satellite terminal for the purpose of decongestant of the City.

‘CM ignoring non-cong MLAs’

BJP MLA Suresh Kumar criticised Chief Minister Siddaramaiah for not taking non-Congress Bengaluru MLAs into confidence and for not inviting them to join the City tour.

Referring to Siddaramaiah’s weekly tour of Bengaluru, Kumar said he (chief minister) was behaving more as a Congress legislature party leader and less as chief minister. “He is going around the City with the BBMP elections in view. None of his visits was informed to the non-Congress MLAs. Only his party MLAs accompany him, which was not the case with his predecessors,” said the MLA. Further he said the chief minister’s City tour has become a party affair at the expense of government machinery.

  

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Comment on this article

  • shIAKh moHd rizwan, karkala

    Wed, Jun 24 2015

    Dear readers,

    Lalu Prasad Yadav save the Indian railways from bankruptcy to 60000 crores profit turnaround of Indian Railways from near bankruptcy to a large surplus. There is no denying that the turnaround was real and not a mere accounting gimmick.

    He assembled a team under a civil service officer Sudhir Kumar and tasked them with improving the finances of the organisation without any radical cut in its workforce or increase in fares. Faced with this mission impossible, the team delivered. The biggest difference they brought in was to align tariffs and important decisions regarding freight with the goal of maximizing overall returns.

    Modi's government already increased tariff to 14% just one year into the government despite International crude tumbling.Neither 'make in India' nor 'made in China' bullet train is running on the paper.

    Will you please continue 'Swatch Bharath' initiated by you cleaning filthy toilets to present 'Incredible India'?

    Jai hind

    DisAgree [1] Agree [1] Reply Report Abuse

  • Frank, Tulu Nadu

    Mon, Jun 22 2015

    If $ 500 billion is sanctioned, only $ 1 billion will be spent and $ 499 billion will be swallowed by these Politicians

    DisAgree [4] Agree [6] Reply Report Abuse

  • yogesh, mumbai

    Mon, Jun 22 2015

    $500 billion for only modernizing? i would have given all-india bullet trains at that cost...ha ha!

    DisAgree Agree [8] Reply Report Abuse

  • Sudeep.p, Udupi

    Mon, Jun 22 2015

    All above comments just shows how negative ,fragmented and narrowed down to religious lines our society has turned too.pathetic is the pessimistic views an lack of hope.even if somebody tries to improve,there's only bitterness ,negativeness an lack of cooperation.hope we can shun this pessimism and opposition to everything and anything attitude.

    DisAgree [1] Agree [1] Reply Report Abuse

  • N.M, Mangalore

    Sun, Jun 21 2015

    BJP = Bahut Jhooti party, Balatkari jumla party.

    Please do not trust these sanghi B#!!S#itter...who are pathological liars.

    U Turn party!

    DisAgree [7] Agree [6] Reply Report Abuse

  • prashanth kumar, padubidri

    Mon, Jun 22 2015

    NM, WHICH PARTY CAN WE TRUST, PLEASE LET US KNOW,

    DisAgree Agree [2] Reply Report Abuse

  • kamath, mangalore bangalore

    Sun, Jun 21 2015

    discontinue railways.. for investment u people ll raise taxes again.. fuel price at present is really clueless.. i dont know where v are heading.. but i feel Advaniji has analysed through his past experience..

    DisAgree [3] Agree [11] Reply Report Abuse

  • Clifford, Mangalore

    Sun, Jun 21 2015

    HaHa, good way to raise money for party funds and also BJP politicians pockets. $500 billions is lot of rupees.

    DisAgree [8] Agree [17] Reply Report Abuse

  • Valerian D'souza, Udupi / Mumbai

    Sun, Jun 21 2015

    BMC ( Brihan Mumbai Mahanagar Palika) spent Rs.2,000/- to prevent floods and all flooded and washed out. We had more problems than ever before.
    Railway should have raised the level of tracks to prevent flooding but they never did that.
    Of New projects at least 50% cost is generally pocketed. But the taxes and fare is only raising.
    Now CA,Railway Minister invented a have novel way to answer the complaints.
    Wants $500 millions to modernize.
    Instead better to build airports.

    DisAgree [5] Agree [8] Reply Report Abuse

  • Valerian D'souza, Udupi / Mumbai

    Sun, Jun 21 2015

    Correction : BMC spent Rs. 2,000/- Crores, this monsoon.

    DisAgree [1] Agree [9] Reply Report Abuse

  • N.M, Mangalore

    Sun, Jun 21 2015

    Lies and more lies by BJP walas

    BJP walas...right from Feku to their bottom rung leaders are Pathological liars.

    DisAgree [6] Agree [15] Reply Report Abuse

  • OZY CRASTA ,, DUBAI, SANTEKATTE, KANNADA KUDRU

    Sun, Jun 21 2015

    Internationl investements, that also in USD, why it is not in RUPEES, next 15 years, first u complete 5 years term, in five years u can loot as much as u can since in house fighting is too much, may be your term might end any time to make way for others.
    How can one trust the TOP LEADERS, they are the back bone of BLACK MONEY LAUNDERERS, supporters of ROUGUE INDIAN CHEATERS.
    TOMMOROW is yours, it may be somebody's.
    Only SPEECHES AND LECTURES, no results, no performance.

    DisAgree [3] Agree [10] Reply Report Abuse

  • kiran, bangalore

    Sun, Jun 21 2015

    Ozy,

    If you write the figures in Indian rupees the page is not enough

    DisAgree [2] Agree [15] Reply Report Abuse

  • Deepak , manglore

    Sun, Jun 21 2015

    Are BJP ne 60 months puche the.....13 months tho bhad mein gaye....

    Abhi Sirf 47 months bachen hai.... Kya karna hai?

    Hehehehehehe......

    DisAgree [4] Agree [12] Reply Report Abuse

  • Praveen, Kulshekar

    Sun, Jun 21 2015

    Malpule malpule, aa Nepat puttur, Sullia modern appunda tuka

    DisAgree [2] Agree [11] Reply Report Abuse

  • Mahesh, Pilar - Shirva

    Sun, Jun 21 2015


    They want $500 billion to modernize Indian railway. Out of $500 billion hardly they may spend $100 million to modernize railway. Rest all in their pocket & in international bank.

    DisAgree [2] Agree [18] Reply Report Abuse

  • Mahendra Shetty, Mumbai Mangalore

    Sun, Jun 21 2015

    SAME YOUR CHOR CONGRESS MENTALITY WHERE ITALIAN LED MADAMMA LOOTED INDIA FRONT AND BACK....

    DisAgree [7] Agree [1] Reply Report Abuse

  • India First, India

    Sun, Jun 21 2015

    We can invest even more if Politician stop eating our money !!

    DisAgree [2] Agree [36] Reply Report Abuse

  • Peter, Bangalore

    Sun, Jun 21 2015

    Why Central minister wasting time in inauguration of such a small projects ?

    DisAgree [8] Agree [21] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Jun 21 2015

    Golmal Hai Bai Sub Golmal Hai ...

    DisAgree [12] Agree [35] Reply Report Abuse

  • A. S. Mathew, U.S.A.

    Sun, Jun 21 2015

    Well, now the truth is emerging.
    Mr. Modi's promise of privatization of the Indian Railway is totally a false dream.

    Which foreign firms will jump into this mess with massive investment?

    How the Indian Government will raise this very huge amount to modernize the Railway with bullet trains and the rest? How many such other projects costs billions of dollars?

    DisAgree [7] Agree [28] Reply Report Abuse


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Title: Need $ 500 billion to modernise railways, says minister



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