PTI, Singapore :
Indian Railways cannot improve its infrastructure unless it adopts innovative forms of financing and more positive collaboration with the private sector, chairman of the Banks Board Bureau Vinod Rai has said.
Indian Railways’ massive infrastructure programme includes redevelopment of 408 major stations through private sector participation via online auctions.
“Unless it (Indian Railways) can involve innovative forms of financing and more positive collaboration with the private sector, its lack of infrastructure would only increase,” said Rai in a report published by the Institute of South Asian Studies (ISAS), a Singapore-based think-tank.
He noted that Railways’ concerted efforts in the recent past to expand, modernise, decentralise decision-making, improve efficiency, meet customer expectations, move to clean energy and introduce greater transparency through e-tendering.
The rationale for doing projects in PPP (Public Private Partnership) format appears to be resource constraint rather than this route being a more efficient and cost effective service delivery mechanism, said Rai who is also a Visiting Senior Research Fellow at ISAS.
Indian Railways cannot improve its infrastructure unless it adopts innovative forms of financing and more positive collaboration with the private sector, chairman of the Banks Board Bureau Vinod Rai has said.
Indian Railways’ massive infrastructure programme includes redevelopment of 408 major stations through private sector participation via online auctions.
“Unless it (Indian Railways) can involve innovative forms of financing and more positive collaboration with the private sector, its lack of infrastructure would only increase,” said Rai in a report published by the Institute of South Asian Studies (ISAS), a Singapore-based think-tank.
He noted that Railways’ concerted efforts in the recent past to expand, modernise, decentralise decision-making, improve efficiency, meet customer expectations, move to clean energy and introduce greater transparency through e-tendering.
The rationale for doing projects in PPP (Public Private Partnership) format appears to be resource constraint rather than this route being a more efficient and cost effective service delivery mechanism, said Rai who is also a Visiting Senior Research Fellow at ISAS.
