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Budget: More funds for Railways

Posted on Feb 17 2014 | IBNS

New Delhi, Feb 17 : Union Finance Minister P. Chidambram on Monday said that new instruments and new mechanisms have to be identified to raise funds for railway projects.

Presenting the Interim Budget in the Parliament on Monday, he said budgetary support to railways has been increased from Rs. 26,000 crore, as it was in the Budget Estimates of 2013-14, to Rs. 29,000 crore in the current budget of 2014-15.

He said the railways need to mobilise huge resources through market borrowing and Private Public Partnership (PPP schemes).

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