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Prospective borrowing by Indian Railways exceeds GDP of some nations
Some 2.5t rupees of debt is required in 5 years through 2020 for upgrade: minister
Add BT as a preferred sourcePublished Mon, Jul 25, 2016 · 09:50 PM
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New Delhi
INDIAN Railways plans to rack up debt to help fund an unprecedented modernisation plan.
Some 2.5 trillion rupees (S$50 billion) of debt is required in the five years through 2020, according to Railway Minister Suresh Prabhu. That's more than triple the 692 billion rupees of outstanding Indian Railway Finance Corp bonds. The network is also exploring non-fare revenue streams from advertising and land holdings, Mr Prabhu revealed.
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