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Finance Ministry blames rlys for delays in public private tie-up projects
The Finance Ministry has blamed the Indian Railways for the inordinate delay it has shown in awarding public private partnership (PPP) projects. The Department of Economic Affairs (DEA), indicated that the Railways have not been proactive in taking the proposed PPP projects forward. The Railways has been planning to set up locomotive and coach factories through joint ventures with the private sector for over three years now. Similarly, the ministry has proposed setting up diesel and electric locomotive factories in Marhowra and Madhepura, and has, since the last two years, planned to invite financial bids.
Contact: Ministry of Finance. Website: ...
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