Budget 2019: Indian Railways to get PPP push for faster development

New Delhi, July 05: Finance Minister Nirmala Sitharaman has said that railways in India will be open for public private partnerships for faster development and completion of projects.

The FM further mentioned that Indian railways have been given a ₹50 lakh crore allocation between 2018-2030. The capital expenditure on the other hand stands at Rs 1.5 lakh- Rs 1.6 lakh per annum.

Nirmala Sitharaman begins Budget 2019 speech in Urdu

"657 kms of metro rail network has become operational across the country," she added.

Since the year 2017 the Railway Budget and Union Budget have been merged to end the 92-year-old practice. And as the behemoth Indian Railways continues to be an important national carrier, Railway Budget will remain a key area in the main Union Budget 2019 speech.