Wednesday, February 7, 2007

IFC to assist private companies in railway operations

International Finance Corporation (IFC), the private equity arm of the World Bank, is interested in participating in the new public-private partnership (PPP) framework of the Indian Railways. Private operators interested in entering the container train business and the dedicated freight corridor project of the Indian Railways and IFC seeks to assist private players in fulfilling their financial commitments. The Railway Ministry has already asked IFC to consider investing in the dedicated freight corridor as well as the container train segment. IFC already has investing experience in the railways of Latin America and Europe.

Read The Economic Times article.

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