With a historical backlog of more than 350 projects that are in need of funding, Public Private Partnerships or PPP have been the new ray of hope for the cash crunched Railways. But the efforts have met with little success.
Most of the PPP projects announced currently face bureaucratic hurdles such as delays in getting cabinet approvals, lack of co-ordination between state government and Railways and skeptical attitude of the private investors.
Elevated Rail Corridor in Mumbai, redevelopment of stations, power generation and energy savings project, coal mine and port connectivity were identified as the areas of priority for the 12th plan period.
Full report here Business Standard