Railway ministry, Haryana govt to form special purpose vehicle | chandigarh | Hindustan Times
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Railway ministry, Haryana govt to form special purpose vehicle

chandigarh Updated: Aug 13, 2015 22:11 IST
Vishal Joshi
Vishal Joshi
Hindustan Times
Haryana government

The railway ministry and the Haryana government have agreed in principle to sign a memorandum of understanding (MoU) to set up a special purpose vehicle (SPV) for expediting the state's rail projects.

After formally announcing halt of Una-Chandigarh-New Delhi Shatabdi Express in Karnal on Thursday afternoon, Union railway minister Suresh Prabhu said that the ministry would develop world-class railway stations in Haryana.

The Centre, he said, had planned to invest about Rs 8 lakh crore in Haryana in the next five years to improve facilities to the railway passengers and strengthening railway network.

"As per the plan, the profit made from all new railway lines will go to the SPV and this will help expedite pending rail projects. The initiative will help in linking railway network with industrial zones which will further boost Haryana's economy," said Prabhu.
According to sources, since there are fund constraints in the railways, SPV will help in generating adequate funds for various projects.

The state will invest the capital, along with the Centre, in this SPV which will be used for development of railway infrastructure, said an official.

Meanwhile, Prabhu said that the central government would extend all support to Haryana and the railway ministry has a special plan for the state.

"Haryana is already a leading state in the country and we want it to compete with some of the most advanced nations in the world. For this purpose, various railway stations will be equipped with ultra-modern facilities. We will work out with the Haryana government to identify the stations," he said.

The Union minister said that out of total of 119 unmanned railway crossings, 15 had been closed while the rest of the places would have railway over-bridges (ROBs) or railway under- bridges (RUBs).

Prabhu said that since he represents Haryana in Rajya Sabha, he has special attention for improving railway facilities here.

"I feel like a Haryanvi as you gave me a chance to represent the state in the upper house. The Centre has started implementing on all 79 key points in the railway budget. The previous government had reduced the rail coach factory in Haryana to an announcement, but despite no specific budget allocation in this year's budget, it has been agreed in principle to start work on it soon," he said.


Union minister Suresh P Prabhu also laid foundation stone for beautification plan for the Karnal railway station. There is a plan to build an improved retiring room, modern public conveniences and parking lots in the landscaped environs.