New Delhi: Railway Minister Mamata Banerjee once again ruled out any move to privatise the country's railroad network but said the corporate sector will be roped in the best possible manner to bridge the funds deficit.

Speaking on the debate on the railway budget for the upcoming fiscal in the Rajya Sabha, Banerjee said her medium-term focus for the Ministry was well spelt out in the Vision 2020 document unveiled in December, which also speaks of private sector involvement.

"Let me assure the House there will be no privatisation of Indian Railways. I am proud of my Department and I am proud of the 1,400,000 employees of railways. They also need some praise," the Minister said, reports IANS.

"But where will all the money come from? It won't fall from the skies. I am not going to sell railway land. But there will be commercial utilisation of railway land through the public-private partnership mode," she added.

Indian Railways runs the world's second largest network under a single management with a network of 64,015 route-km to ferry 18 million passengers and some 850 million tonnes of cargo on 17,000 trains daily from 6,906 stations.

Banerjee said it was no mean achievement that her Ministry was not only able to present two regular railway budgets in a span of eight months, but also came up with a Vision 2020 document that targets 25,000 km of double or multiple lines against 18,000 today.