Indian Railways could transform in two-three years; World Bank to help it plan Rs 5 lakh crore investment
The World Bank will help organize the ambitious investment of Rs 5 lakh crore Indian Railways for a comprehensive renovation, transforming the 164-year network and contributing significantly to the growth of the country.
The World Bank seeks to help the state airline to break the failures of the colonial era through strategic planning, exploration, technology development, establishment of a Railway Authority and a Railway Authority.
The bank will also provide advisory services and management consulting programs for this transformation exercise that should last 2-3 years.
“We needed this arrangement to improve our capabilities and deliver projects in mission mode. The World Bank experience would be a significant gain,” said the head of the Transportation Secretariat, reported by economic times.
As for planning, the bank plans to create an organization that works on prediction models, traffic optimization, etc.
“In addition, an infrastructure plan for the next 10 to 15 years, after a detailed analysis of the growth of cargo and passenger expected from India, is also expected to be created. The bank also develop, added the official .
Railroad minister Suresh Prabhu and his old taxiing scheme for India’s railways have seen many results over the years.
More recently, Prabhu launched the SAARTHI application of Railways of India, which is now going to ease the burden of travelers taking care of all their rail services.
The integrated mobile will meet the different needs of passengers, including reservation of tickets, research, cleaning on board and food control on a single platform.
Since the first DEMU train in India, more modern facilities, faster lines of expression to improve the forum complaints repair and private railway station plans, the complex transportation system reflects a gradual change.
The ambitious investment Rs Suresh Prabhu Rs 5 million lakh to the Indian Railways over the next four years would see the Indian Railways to spend Rs 1.31 lakh rupees to increase capacity.
Finally, by introducing the Indian digital program of Prime Minister Modi, the Indian Railways will soon launch a “digital company”, which the World Bank will play a key role in integrating infrastructure and management of database.