The state governments of Karnataka, Jharkhand, Maharashtra, Andhra Pradesh and Haryana are ready to contribute in future railway projects concerning their states

The initiative has been taken in order to catalyse the creation of a better rail infrastructure for overall national growth.

 Railway Minister Mallikarjun Kharge told parliament on Wednesday that "while efforts of the government to provide precious financial resources for growth of Indian Railways would continue the phenomenal investment needs of rail infrastructure which cannot be met entirely through Gross Budgetary Support, Internal Generation of Railways and Market Borrowing" is required.

The Railways have started targeting private parties to invest in rail infrastructure to bridge the gap.

(Agencies)

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