Indian railway has set up a committee to formulate strategies for faster implementation of public-private partnership (PPP) projects, railway minister Mamata Banerjee said.
"We have set up a committee, which will look after the projects under public-private-partnership. This committee will look after the speedy implementation of PPP projects in railways," Banerjee said after inaugurating the 15-car trains here.
The government decided to set up the committee with a view to take up PPP projects at a faster pace, besides reducing the time taken to clear project proposals to three months, she said.
"The proposal under PPP model should be cleared within three months. We also have to make investments in innovative ideas," the minister said.
Railways plans to raise Rs1,00,000 crore under the 11th five-year plan to develop rail infrastructure under the PPP model across the country, Banerjee said.
This includes a 3,289km dedicated freight corridor that will be set up at a cost of Rs50,000-crore.
Besides, the government also plans to set up a joint venture company to build diesel and electric locomotives at Marhowra and Madhepura in Bihar which would cost about Rs29,220 crore, Banerjee said.
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