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Private players may run rail lines:
Context
- The Union government is open to the idea of giving operations of railway lines to private players for enhancing competition.
What is the proposition?
- Doing so will allow to generate competition in the process and improve customer satisfaction.
Various models
- Mr. Goyal, the Railway Ministry is studying various models for attracting more private players.
What are the changes?
- Mr Goyal is willing to spend unlimited funds on safety, he said clearing the backlog for track renewal would be the focus, and a zero accident rate would be an aspiration.
- There is no budget for safety. Whatever fund is required we will spend,” Mr. Goyal said.
- Mr. Goyal is also re-tuning policy to attract private companies for modernizing railway stations.
- To begin with, the Railways have decided to do away with the ‘Swiss Challenge’ model of awarding railway stations to private players and taken a slew of measures to lease out at least 100 stations.
