Friday, November 02, 2012

Invest In Railways To Tackle Oil Burden

Germany subsidises its railways to the extent of 20 billion Euros annually, and has among the lowest logistics costs as a percentage of GDP. If we keep investing the subsidies for the road sector into the Railways, within five years, we can shave off logistics costs of at least 3 per cent of our GDP.
Business Line: Railways needs more subsidy

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