Railways to soon invite bids for modernisation of stations: Arun Jaitley

Arun Jaitley, Minister

Eyeing more investment from private players in infrastructure space, the government is considering allowing them to manage smaller airports while railways will soon invite bids for modernisation of 400 stations, Finance Minister Arun Jaitley said.

The proposal for allowing management participation of the private sector in some mid-sized and smaller airports is aimed at improving their managerial efficiency, he said.

Addressing the foundation day of India Infrastructure Finance Company ( IIFCL), Jaitley said the government has set up the National Investment and Infrastructure Fund (NIIF) and is in touch with global sovereign and pension funds to become partners.

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