Members of an Indian railway ministry delegation, which recently visited China, shared their experiences during a World Bank seminar, held here on Monday. World Bank country director, Michael Carter was also present on the occasion.
With China embarking on a $250 billion project to expand its railways in the next 15 years, India also has similar plans lined up.
After recovering from being bankrupt in 2001, railways has approached the World Bank for a $150 million assistance to fund its long term investment and development plan, which is under preparation.
The plan would help meet the growing demand arising from the accelerating economic growth, Geeta Thoopal, additional member (finance) in the ministry and leader of the six member delegation, said.
The Indian railways has approached the World Bank for a $150 million assistance to fund its long term investment and development plan,
India, who has been treading in Chinas footsteps right from economic growth, FDI inflow to infrastructure, is lining up major reforms to improve efficiency and service of the the public utility for making it a major revenue earner in the coming years.
The visit was arranged as part of the World Bank sponsored exchanges between India and China to study railway and highway development strategies and programmes in the two countries.