The privatization of the railways will create a win-win situation for both Indian railways and investors as well as users, Niti Aayog CEO Amitabh Kant said at a joint press meeting with the president on Thursday. of the Railway Board, VK Yadav.
“It’s like when private banks were established in India. Many private actors came in the banking sector. But that didn’t lead to SBI closing. Private investment will bring new technologies. It will create competition in the rail sector. Competition will increase efficiency and lower rates, in the long run, ”Kant said.
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On the airport-like user charge to be charged for remodeled railway stations, the Chairman of the Railway Board, VK Yadav, said that the charge, which will result in an increase in the train fare, will be nominal. . “The user charge will be nominal. Also, the charge will apply only to remodeled stations. Not all stations are currently being remodeled, ”Yadav said.
On the issue of private players being able to determine their own rates, as has been decided by Indian Railways, the Chairman of the Railways Board said that since there will be competition from bus and plane rates, private players, in No case, they will charge exorbitant fees.
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