Wagon makers, rail operators seek clarity on rail budget
* Clarity of revenue sharing, PPP model awaited
* Operators cheer infrastructure push, no change in freight
* Wagon makers seek partnerships to make coaches
By Jasudha Kirpalani and Swati Pandey
MUMBAI, July 3 (Reuters) - India's federal rail budget aims to boost public-private partnerships to help revive its weak infrastructure but wagon makers and rail operators are not cheering yet as they awaited clarity, company officials said.
Rail minister, Mamata Banerjee on Friday said a new coach factory would be set up in public-private partnership and plans to develop 50 stations with international-level facilities and multi-functional complexes at 50 railway stations.
For Rail Budget highlights, click on [ID:nDEL538888]
But, operators wanted more details on the revenue-share and structure of public-private model.
"A lot of money needs to be spent and the amount of money she's talking of to be spent is just enormous," chairman Ajay Mittal, rail operator Arshiya International Ltd (ARTC.BO: Quote, Profile, Research) said. Continued...
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