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Indian Railways have entered into private participation for railway infrastructure projects.
Joint venture companies for implementing Hassan-Mangalore Gauge Conversion Project, Hassan Mangalore Rail Development Company (HMRDC), and Gandhidham—Palanpur Gauge Conversion Project (Kutch Railway Company) have been formed recently.
Surendranagar—Pipavav Gaugve Conversion has already been compelted through Pipavav Railway Corporation Ltd. (PRL).
Rail Vikas Nigam Ltd. (RVNL) has been formed under the Ministry of Railways as a Special Purpose Vehicle (SPV) to explore implementation of infrastructure projects of the National Rail Vikas Yojana (NRVY) through public-private partnership.
The NRVY was launched in 2003-2004 with a corpus of Rs. 15,000 crores for strengthening Golden Quadrilateral, its diagonal, port connectivity and constructing four mega bridges at Ganga, Kosi and Brahmaputra.
Another area is private freight terminal and warehousing. Indian Railways in partnership with the Central Warehousing Corporation (CWC) have already implemented a pilot project of rail side warehousing at Whitefield, Bangalore. Twenty-two such projects are underway across the network of Indian Railways.
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