Railways

‘Liberal policy needed to attract private funds in railways’

DELHI

Railways are conservative in dealing with contract management with private players and need a liberal policy to attract significant private investment in rail sector, Railway Board Chairman A K Mittal said on January 18.

He stressed that ease of doing business should be there to increase volumes.

“Railways should address the concern of private players for attracting private investment. If there is a risk then the risk factor has to be addressed,” he said at a function here.

“We have to be fair in dealing with the contract management. Railways should not shy away from renegotiating in the interest of railways as well as investors,” he said, adding, “Ease of doing business should be there to increase volume of business.”

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