Private Investment Needed for Expansion of Railway Infrastructure: Bansal
The Minister of Railways Shri Pawan Kumar Bansal inaugurated International Conference on Dedicated Freight Corridor ‘Challenges and Opportunities’ organized by ASSOCHAM India, here today. The Minister also released ASSOCHAM-YES BANK knowledge Report “Corridors for India’s Economic Development”, on this occasion.
In his inaugural address, Shri Pawan Kumar Bansal said that Indian Railways have increased its freight loading capacity and have achieved the distinction of joining one billion tonne select club in freight movement by successfully loading 1010 million tonne in 2012-13. India joins China, Russia and USA for this milestone achievement. However, Railways share as compared to roads in total goods traffic has come down from 80% to 36% over the years which is a cause of concern, he pointed out. The railway Minister said that Railways provide a more cost effective, efficient, faster and environment friendly mode of transportation. The freight trains have a capacity to move a very large volume of traffic in one go over a very large distance and help in declogging the roads. Hence, there is a need to increase the rail share in the overall transportation in the country.