The Indian Railways (IR) has teamed up with the World Bank to transform fully in terms of digitisation, technology development and investment & planning. World Bank will support railways in integrating the architecture and database management. It will also help in establishing a Railway University and the Rail Tariff Authority.
Railways has decided to invest Rs 5 lakh crore in the next four years. This year, it has set aside Rs 1,31,000 crore investment to augment capacity. The Bank will support railways form a body that will work on forecasting models, traffic optimisation and planning.