Gujurat govt, Railways ink pact to develop Surat station

Posted on:19 Aug 2016 09:31:57
Gujurat govt, Railways ink pact to develop Surat station
19 August 2016 Current Affairs: The Railways, Gujarat government and Surat Municipal Corporation have signed an agreement to develop Surat station under the Public Private Partnership model. 

This tri-party agreement was signed in the presence of Union Railway Minister Suresh Prabhu, Gujarat Deputy Chief Minister Nitin Patel and Surat mayor Asmita Siroya.

Prabhu told reporters that private investment is the best way to expedite the upgradration of railway stations in the country. 

This station will be India's first and distinctive railway station upon it's completion. It will also have a multilayer park having a slew of facilities, which are usually found in airports.

This project will be carried out under PPP model, as the government alone can not bear all the expenditure. If we do so, we have to raise taxes to collect the required capital. Thus, the best way is to involve private players. For this project, 36 business entities have already shown their interest.

The Minister further talked on increasing non-railway income to boost development in the railway sector. 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs September 2017

21 SEPTEMBER
NEWS
20 SEPTEMBER
NEWS
19 SEPTEMBER
NEWS
18 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS