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The project of station development will attract $20 billion, says Suresh Prabhu

The Railway Minister, Suresh Prabhu said that the proposed station development project will attract about $20 billion in phases.

According to him, discussions are being held with World Bank for the creation of a fund of $30 billion for funding key rail infrastructure projects.

Prabhu said,”I had discussion with World Bank MD Srimulyani Indirawati last week over possibility of creating 30 billion USD fund for infrastructure projects.”

The details of the proposed fund has not been disclosed further by him, “the modalities are being worked out and will be announced later,” he said.

“We want to develop 400 stations in a unique model and 15 to 20 billion US dollar are expected to be invested in it”, he further said.

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