Indian PPP rail projects need private sector injection of US$14 million

INDIA's planning commission minister says an estimated INR800 million (US$14.4 million) of private investment will be required for implementation of various public private partnership (PPP) projects identified by Indian Railways.

The PPP projects will cover areas which include an elevated rail corridor, high-speed corridors, redevelopment of stations, logistics parks, private freight terminals, port connectivity, dedicated freight corridor, locomotive and coach manufacturing units and energy conservation, the daily Hindu's Business Line reported.

The projects identified include the INR200 million Mumbai-Ahmedabad high-speed corridor, the INR200 million elevated rail corridor between Churchgate and Virar in Mumbai, INR100 million for redevelopment of stations, the INR100 million dedicated freight corridor between Sonnagar (Bihar) and Dankuni (Bengal), INR60 million for energy projects, INR50 million for port connectivity projects, the INR30 million locomotive and coach manufacturing units, INR300 million logistics parks and INR28 million private freight terminals and other freight schemes.