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Mar 14, 2012, 07.24 PM IST | Source: Moneycontrol.com

Railway Budget: KEC hopes for sustained growth ahead

By Sanjay Chandra, Chief Executive, Railways - KEC International

Sanjay Chandra, Chief Executive- Railways, KEC International
By Sanjay Chandra, Chief Executive, Railways - KEC International

"The Railway Budget 2012 is a positive one. Planned investments have seen a quantum boost in the business opportunities for the infrastructure companies as against investments in the previous years. As compared to the 2 lac crore in the previous plan, investments in the 12th plan are envisaged at more than 7 lac crore. The creation of a separate Secretary  for PPP projects reflects a sense of purpose to attract investments in Railways. Investments of 14 lac over the next 10 years will result  in higher investment in Railway projects over the next 10 years. With huge investments planned in this budget, mobilization of funds by the railways will have to be planned at a fast pace.

KEC can look forward to a sustained growth in Railway construction over the coming years.

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