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Indian Railways to Attract USD 20 Billion for Station Development

News

Aiming at massive influx of funds in the coming months, Railway Minister Suresh Prabhu today said the proposed station development project will attract about 20 billion USD in phases.

Source - ET

SNP Insight

Aided with the key funding agencies of World Bank and LIC, Indian Railways is expected to open up huge opportunities in development of more than 400 stations. Also,  cut in repo rate is likely to act like catalyst in boosting investment and this may fillip investment on other railway projects such as gauge conversation, doubling, safety upgradation etc which seems to be attractive segments for investors. This undoubedly seems to open up wide array of opportunity to contractors, EPC players and manufacturers.

Source - SNP Infra Research