Moneycontrol
Mar 08, 2016 10:49 AM IST | Source: PTI

Railway Ministry, Haryana to soon set up JV firm

"India has 400 railway stations with huge eyeballs and 7 billion footfalls every year. So just imagine the opportunity for railway station re-development," Prabhu said.


Stressing on the need to create infrastructure for promoting growth, Union Minister Suresh Prabhu said Indian Railways and Haryana government will soon set up a joint venture company for developing the rail network.


"We have signed joint venture agreements with 16 states for building rail infrastructure. Haryana is the first state which is now going to work with us as a partner to create a joint venture company in which we will develop railway infrastructure," the Railways Minister said at 'Happening Haryana Conclave' here.


"We will try to operationalise this joint venture company in the next few days itself," he added.


He also said that the Railways have decided to make huge investment in the state for developing new connectivity.


"We have decided to make rail factory a reality very soon.


We have been discussing with Chief Minister. We are trying to get 120 acre land for that," he said.


Inviting private investment, Prabhu said 400 railway stations are going to be modernise soon.


"India has 400 railway stations with huge eyeballs and 7 billion footfalls every year. So just imagine the opportunity for railway station re-development," Prabhu said.


He also said Haryana has capability to become a logistic hub for the north.

Therefore, he said, Railway will be active partner for developing the state into hub.

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