By Srinand Jha, International Railway Journal; February 2, 2018
INDIA’s finance minister Mr Arun Jaitley has announced a budget of Rs 1.48 trillion ($US 23.3bn) for Indian Railways (IR) for 2018-19, which is the highest in IR’s history and 13% more than the Rs 1.31 billion set for 2017-18.
The 2018-19 budget will be funded from various sources. Rs 530bn will be funded through gross budgetary support, Rs 115bn through internal generation, while Indian Railway Finance Corporation has been tasked with borrowing Rs 285bn. Another Rs 264bn will come through institutional finance, while Rs 270bn is will be raised through Public Private Partnership (PPP) projects.
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