Rlys seeks pvt investment to run passenger trains

July 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

« Back to LIVE

TOP STORIES

Political bigwigs, film celebs queue up to vote as world's largest polls begin

Here are some of the famous faces queued up to get ink mark on their fingers.

After joining BJP, Chhindwara mayor says vote for Nakul Nath

On the day of polling in the high-profile Chhindwara Lok Sabha seat in Madhya Pradesh on Friday, the city's mayor Vikram Ahake, who recently joined the Bharatiya Janata Party, urged people to vote for Congress' Nakul Nath.

Up Close With Samantha

Janhvi's prayer... Tiger flaunts his muscles... Keerthy in Baby John mode...

Locals' lament in Dibrugarh: Infra push but no jobs

'It feels like Assam is good just as a tourist spot and not a place to earn and live.'

'It was my dream to sweep Bumrah'

MI's spearhead overstepped in the 13th over and the 25 year old PBKS batter dropped down on one knee and swept Bumrah for a maximum.