New Delhi: The
responsibility of developing and maintaining thousands of railway
stations and goods sheds across India will be entrusted to two new
companies under the public private partnership (PPP) route,
Railway Minister Dinesh Trivedi said Wednesday.
"I have set up a separate organisation namely Indian Railway
Station Development Corp, which will redevelop the stations and
maintain them on the pattern of airports," Trivedi told the Lok
Sabha while presenting his ministry's budget for the next fiscal.
According to Trivedi, the organisation will utilise suitable
revenue models to maintain the stations under PPP model and has
great potential of proving employment.
"The SPV (special purpose vehicle) will draw upon the success
stories the world over, adopt a suitable revenue model and target
redevelopment of 100 stations in the next five years.
"Being funded through PPP route, these efforts will be cost
neutral for Indian Railways. It has been estimated that
development of major stations in metro cities has the potential to
create employment for about 50,000 persons," he said.
The minister proposed to create a logistics corporation for
upgradation and management of railway's goods sheds for providing
last mile servicing for freight traffic.
"I propose to create a logistics corporation for development and
management of existing railway goods sheds and multi-modal
The corporation would aim to provide total logistics solutions to
rail-users coupled with low operating costs.
The Indian Railways, which runs the third largest railroad network
in the world, has around 7,083 stations on 64,000 km route, with
12,000 passenger and 7,000 freight trains.
It ferries 23 million travellers and 2.65 million tonnes of goods