(ET)
The government is looking at a comprehensive revamp of state-run transport behemoth Indian Railways and has ordered a fresh mandate for a high powered panel of secretaries to fast-track innovative financing for its projects, monetizing assets of the Dedicated Freight Corridor Corporation, corporation of productions units and monetization of existing assets.
Last year, the railway ministry had set up an empowered group of secretaries (EGoS) for development of 50 railway stations to global standards and permit private passenger train operators to run 150 trains with world class technology over the country’s railway network. The group was headed by Niti Aayog CEO Amitabh Kant and members included the railway board chairman, secretary of department of economic affairs, secretary of ministry of housing and urban affairs and the financial commissioner of railways.
