The expert group which was formed to suggest a modernisation plan for Indian Railways has said that Railways will need more than $164 billion (Rs 8,22,671 crore) funding in the next five years.
The group which was constituted by the Ministry of Railways presented its report to the Minister of Railways recently.
The report suggested implementation of a ‘mission mode approach’ for all 15 focus areas including track and bridges, signalling, rolling stock, stations and terminals PPPs.
The report also suggested areas from where the revenue can be generated; $50 billion can be generated from Gross Budgetary Support, $40 billion from internal generation, $20 billion from leasing/borrowings, $46 billion from PPPs, $5 billion from dividend rebate and over $3 billion from Road Safety Fund, the report said.
