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New Delhi March 22 The Indian Railways will require Rs 60,000 crore for completing its projects and to achieve the targeted growth rate of 9 per cent. The Union Minister for Railways, Mr Lalu Prasad, stated this, while addressing the meeting of the Members of Parliament of Consultative Committee attached to the Ministry of Railways on the agenda "Mobilisation of Resources for Railway Projects".

The Minister said that despite registering a growth rate of 14 per cent in passenger earnings and 17 per cent in freight earnings, as well achieving a surplus of Rs 20,000 crore during the year 2006-07, the Railways would need more funds to complete the existing projects in a time bound manner.

Mr Lalu Prasad added that public-private partnerships (PPP) are being encouraged in modernisation of the metro and mini-metro stations, construction of dedicated freight corridor, logistic parks, warehouses and budget hotels.

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