Panel Discussion: Public Private Collaboration for Railway Projects
Dr. M. P. Ramnavas, Director (Projects), Kochi Metro Rail Ltd.
The collaboration between the strengths of the public sector and the investment capabilities and agility of the private sector enables us to provide enhanced, cost-effective services and execute projects faster for the benefit of society. Our objective is to revolutionize transportation and mobility by digitizing public transportation systems, implementing integrated ticket booking systems across all modes of transportation, and creating a mutually beneficial relationship between the two sectors.
Indian railways have a legacy of 170 years and have been undergoing modernization from the beginning. With the introduction of VandeBharat express, railway modernization has been rapidly progressing, and the implementation of high-speed rail systems has commenced.
V. Ajith Kumar, Managing Director, Kerala Rail Development Corporation
In 2019, the Union Finance Minister announced that the Indian Railways and the Government of India would invest 15 lakh crore rupees by 2030, with an investment of 2.4 lakh crore rupees planned for this year.
Of the total emissions in India, around 34% come from the transportation sector, and the rail industry accounts for less than 1% of carbon emissions, and Indian Railways aims to achieve net-zero carbon emissions within the next two years. Therefore, we should focus on railway projects that reduce carbon emissions.
H. K. Raghu, Sr. Professor Rolling Stock, Indian Railways Institute of Transport Management, Lucknow
Going for train operation in PPP mode will only be successful if we assure investors a better return. We must allow the investors the autonomy to control other business aspects, apart from controlling the train operation, such as advertisements and others in order to make the deal lucrative so that both the parties get benefitted which will ultimately translate into better customer satisfaction.
S. K. Mishra, DGM, CO, Canara Bank
PPP mode investment is not new to banks. Canara bank has funded all sectors of transport. It has funded Kochi Metro, Kannur International Airport, Hyderabad Metro, and Mumbai Metro among others.
Playing our parts in India’s transformational journey, we always look forward to funding such projects. Yes, we analyse our risks in doing that but the viability gap funding provided by the government works as a cushioning to the banks. Our experience so far with regard to PPP mode of financing has been, so far, very satisfactory.
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