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India is going to spend $140 billion on her railways until the term ends for the current government.
Japan has taken the lead in this area, with China following. Perhaps France and Germany will get involved given their excellent public rail systems.
"The automobile industry in India is currently rapidly growing with an annual production of over 4.6 million vehicles,[7] and vehicle volume is expected to rise greatly in the future.[8]" WIKIPEDIA.
"India's road network carries over 65 percent of its freight and about 85 percent of passenger traffic "
Based on this fact, India must invest $400 billion into major roads projects until 2019.
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Japan to modernize India's railway stations
By PTI and Times of India.
Japan
has agreed to modernize railway stations across the country while
participating in Indian Railways' $140 billion investment over the next
five years.
A Japanese delegation will soon visit India to
study the opportunities for industries in the railway station
development plan of railways as the public transporter has identified
400 stations to be upgraded in private investment, an official release
said here on Wednesday.
READ ALSO: Upgrade of 400 railway stations, e-way cleared
Railway minister Suresh Prabhu, who is in Japan to strengthen
cooperation in rail sector, held a series of high-level meetings with
Japanese Prime Minister Shinzo Abe, deputy Prime Minister and finance
minister Taro Aso among other ministers and senior officials and has
highlighted that the Indian public transporter would be the next major
destination for infrastructure investment worth $140 billion, it said.
Participation of Japanese railways and Japanese companies in various
areas of Indian Railways with the aim of modernization and technology
upgradation was also emphasized in the discussions.
While
agreeing for cooperation on modernization and upgradation, Japan has
agreed to assist the public transporter in achieving its zero-accident
mission.
READ ALSO: Anti-encroachment drive from Cantt railway station to bus stand
Railways invites ideas on cleanliness
Railways research wing - Research Designs & Standards Organization
(RDSO), will sign an MoU with Railway Technical Research Institute of
Japan to carry out research work on acquiring modern technology for the
public transporter, as per the finalization of the action plan.
Prabhu also held meetings with heads of leading financial institutions
and highlighted the investment prospects in railways in the coming
years. Railways has chalked out a plan to investment $140 billion in
infrastructure upgradation in the next five years, the release said.
Japan will also provide its expertise and technology in solving
problems of sanitation including the development of waterless, odourless
toilets in trains and at stations, it added.
READ ALSO: Now, pay hefty fines for littering at railway stations
Besides, the country has also agreed to assist Indian Railways in
development of a legal and regulatory framework on high speed railway
here, the official statement said.
