12 States keen on high-speed trains

Published on Thu, May 17, 2007 at 08:50 |  Source : Moneycontrol.com

Updated at Thu, May 17, 2007 at 08:59  

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The Railways may also make its high-speed passenger corridor `carbon-neutral.'

Calculating the extent to which the project would emit greenhouse gases, the special purpose vehicle undertaking this project can fund its clean technology options like wind energy and hydel power projects, said Ms A. Goyal, Executive Director, Railways.

However, at the seminar, several experts also expressed their concerns on the project. Almost all high-speed rails involve different levels of Government funding, they said.

Mr Arvind Mayaram, Joint Secretary, Department of Economic Affairs, said: 'The issue of affordability for the project has to be tackled by the Railways first.'

Taken from Business Line

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