Mamata proposes National High Speed Rail Authority

The Minister of Railways, Kumari Mamata Banerjee today said that the Railways are planning to go in for Dedicated Passenger Corridor (DPC) on the lines of Dedicated Freight Corridor. Presenting the Railway Budget for 2010-11 in Parliament, the Minister said DPC will be known as the “Golden Rail Corridor” of the Indian Railways.

The Minister said that high speed rail corridor will become a catalyst for India's economic growth, a stimulus for the development of satellite towns and reduction of migration to metropolises. She said therefore it is proposed to set up a National High Speed Rail Authority for planning, standard setting, implementing and monitoring these projects.

She said construction of High Speed passenger rail corridors is another transformational initiative that Railways will embark upon in the coming years. She said Indian Railways proposes to invest in developing high speed corridors of 250 to 350 kmph speed. Already six corridors have been identified and as the projects would require large investments, they will be executed through PPP mode.

Source : Equity Bulls

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