National High Speed Rail Authority to be set up - India News and Travel Times Provides India-centric and other News and Features

Minister for Railways Mamata Banerjee on Wednesday said that the Railways are planning to go in for a Dedicated Passenger Corridor (DPC) on the lines of Dedicated Freight Corridor. The "Golden Rail Corridor" of the Indian Railways would be a high speed rail corridor will become a catalyst for India's economic growth, a stimulus for the development of satellite towns and reduce migration to metropolises. She said it is proposed to set up a National High Speed Rail Authority for planning, standard setting, implementing and monitoring these projects. Ms. Mamata said construction of High Speed passenger rail corridors is another transformational initiative that Railways will embark upon in the coming years. She said Indian Railways proposes to invest in developing high speed corridors of 250 to 350 kmph speed. Already six corridors have been identified and as the projects would require large investments, they will be executed through public private participation mode.