PPP is no privatisation, says Rail expert panel chief | delhi | Hindustan Times
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PPP is no privatisation, says Rail expert panel chief

delhi Updated: Jul 12, 2009 17:59 IST

Appointment of an expert committee by Railways Minister Mamata Banerjee for suggesting new financing models to build 50 world-class stations and other projects should not be seen as a step towards privatisation of Indian Railways, panel Chairman Amit Mitra has said.

"Let me make it clear, the Public-Private-Partnership model of financing projects is not privatisation ... Besides building the world-class facilities, generating revenue for the Railways would also be the key consideration of the innovating business ideas," Mitra told PTI.

He said the budget speech of the Railways Minister would be the "template" for the committee that will comprise three Members of the Railways Board, besides experts from a wide range of infrastructure areas.

Mitra is searching for credible names with experience and professional competence in the area of PPP projects as also infrastructure financing and his team is likely to be in place in about a month.

Banerjee, while presenting the Railway Budget for 2009-10 on July 3, identified eight important projects, which the Railways intend to take up through the PPP model and would need "innovative ideas" for financing and implementation.