Rlys seeks pvt investment to run passenger trainsJuly 01, 2020 20:23
The Railways on Wednesday formally kickstarted its plans to allow private entities to operate passenger trains on its network by inviting request for qualifications for participation on 109 pairs of routes through 151 modern trains, the national transporter said.
The project would entail a private sector investment of about Rs 30,000 crore, the national transporter said.
This is the first initiative for private investment for running passenger trains on the Indian Railways network. It began last year with the Indian Railway Catering and Tourism Corporation introducing the Lucknow-Delhi Tejas Express.
"The objective of this initiative is to introduce modern technology rolling stock with reduced maintenance, reduced transit time, boost job creation, provide enhanced safety, provide world-class travel experience to passengers," the Railways said.
The 109 origin-destination routes have been formed into 12 clusters across the Indian Railway network. Each train shall have a minimum of 16 coaches, it said.
The Railways also said that majority of these modern trains are to be manufactured in India as 'Make in India' and the private entity shall be responsible for financing, procuring, operating and maintaining the trains. -- PTI