Sparing passengers of any further fare hike, Railway Budget for 2014-15
proposes to attract private domestic and FDI in infrastructure projects
and pursuing private-public partnership to boost the finances of the
cash-strapped railways.
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| Bullet Trains In India |
Having hiked fares to the tune of 14.2 percent recently, Railway
Minister Sadananda Gowda who presented the new government's first budget
in Lok Sabha said he plans to leverage railway PSU resources by
bringing in their investible funds in infrastructure projects.
He announced plans to introduce a bullet train in Mumbai-Ahmedabad sector and setting up of a Diamond Quadrilateral network of high speed rail connecting major metros and growth centres. A sum of Rs 100 crore has been provided for initiating the project.
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