The estimated market borrowing by these
two companies during current fiscal were pegged at Rs 13,800 crore from
markets, as per the interim Railway Budget for 2014-15 tabled in
February.
Thus, there has been downward revision in the market borrowing plan by Rs 2,010 crore for the current fiscal.
"As
I have increased internal resource component of Plan, I propose to
scale down market borrowings... to Rs 11,790 crore," Railways Minister
DV Sadananda Gowda said in his proposals while presenting the Rail
Budget on Tuesday.
Resources from PPP are kept at the interim (budget) level, he said.
Indian
Railways Finance Corporation (IRFC) will raise Rs 11,500 crore in
2014-15 for investment in rolling stock and projects, the Railway Budget
document tabled in Parliament said.
Besides, the other financial
firms under Indian Railway, Rail Vikas Nigam Ltd (RVNL), plan to raise
Rs 290 crore through market borrowing.
During 2013-14, IRFC raised Rs 14,688 crore while RVNL mopped up Rs 254 crore from the market.
Besides, Railways expects to mobilize Rs 6,005 crore through the Public Private Partnership (PPP) during 2014-15.
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