National Affairs

Private Players Have Been Given The Freedom To Fix Fares In Their Own way: Railway Board

The government has allowed private companies to set passenger fares once they start operating trains. The move is aimed at attracting investors as Prime Minister Narendra Modi struggles to keep Asia’s third biggest economy up and running. “Private players have been given the freedom to fix fares in their own way,” VK Yadav, chairman of Railway Board, said. Yadav said that Alstom SA, Bombardier Inc, GMR Infrastructure Ltd and Adani Enterprises Ltd have expressed interest. The railway ministry is confident of bringing in investments of more than $7.5 billion in the next five years.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top