Indian Railways is focusing on the operation of high speed trains these days, so that the passengers are comfortable and their journey is also intensified. Railways have made the journey of passengers more comfortable and less time due to the operation of high speed trains like Vande Bharat, Shatabdi Express and Rajdhani Express. But have you ever wondered who is the real owner of these trains?
Important role of IRFC (Indian Railway Finance Corporation)
Recently, the Indian Railway Finance Corporation (IRFC) has got the status of ‘Navratna’, due to which this company is in discussion. After getting the status of Navratna, the IRFC has got several financial rights, which will enable it to work more effectively in the railway sector. IRFC CEO and CMD, Manoj Kumar Dubey said that due to Navratna status, the company will get freedom to take fast decisions. Now they will intensify the business of giving their loan in the railway sector.
Coaches are given to railway
On who is the owner of Vande Bharat, Shatabdi Express and other special trains, Manoj Kumar Dubey said that all the engines, goods train coaches and passengers used in Indian Railways are from the Indian Railway Finance Corporation (IRFC). These coaches are rented to the railway for 30 years. IRFC funds come for these trains and these trains remain in the name of IRFC for 30 years.
These coaches are the assets of IRFC
Therefore, trains like Vande Bharat Express, Shatabdi Express are technically IRFC’s assets. This means that about 80% of the passenger trains and freight trains of Indian Railways are from IRFC. This company plays an important role in the development of Indian Railways.
IRFC’s financial contribution
According to Manoj Kumar Dubey, the IRFC raises the IRFC at a lower cost and gives the railways at very low profits apart from the budget allocated to the Railways. IRFC has been doing this work for the last 40 years. He also informed that IRFC is not limited to the railway only, but it will also fund other projects related to all aspects of railway ecosystem. The company will provide funds at a low interest rate for these projects.
Thus, IRFC is an important part of the financial system of Indian Railways, which contributes significantly in making the railway infrastructure and projects a success.
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Who is the owner of The Post Rajdhani Express? First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
