Prabhu rules out privatization of Railways


New Delhi: Notwithstanding recommendation by government panels, Union railway minister Suresh Prabhu has outrightly ruled out privatization of the public transporter, saying it was a “bogey” being raised by those who do not want any change.

“We want change not for the change in ownership. We do not want change for somebody to run the precious assets of railways. We want to bring in private capital or technology to improve the functioning of railways so that railways become more valuable,” Prabhu told.

Prabhu’s remarks come in the backdrop of raging debate on the privatization of railways with the government-appointed committee headed by economist Bibek Debroy recommending corporatization of the loss-making public transporter and suggesting that the ministry of railways be only responsible for policy making and private players should be allowed to run passengers and freight operations.