The Indian Railways Report-2001 Policy Imperatives for Reinvention and Growth Volume 2, the Main Report, Part II

Ever since the first railway line was laid in India between Mumbai and Thane in 1853, the issue of financing of railways has remained a live issue. Different methods of financing have been used at different times along with corresponding changes in the organisational structure of Indian Railways. As outlined in earlier chapters, we have come to the conclusion that, once again, the time has come to reorganise railway finances along with the corresponding organisational restructuring.