Rail ministry opens the door for pvt sector investment worth Rs 30,000 crore
GN Bureau | July 2, 2020
A long-debated idea is finally coming to fruition as the Indian railways has decided to join hands with the private sector, in running some train services to begin with.
The ministry of railways has invited ‘request for qualifications’ (RFQ) for private participation for operation of passenger train services over 109 origin destination (OD) pairs of routes through introduction of 151 modern trains (‘rakes’).
The 109 OD pairs have been formed into 12 clusters across the Indian Railway network, and each train shall have a minimum of 16 coaches, an official note said on Wednesday.
The project would entail private sector investment of about Rs 30,000 crore. This is the first initiative of private investment for running Passenger Trains over Indian Railways network.
Majority of Trains are going to be manufactured in India (‘Make in India’). The private entity shall be responsible for financing, procuring, operation and maintenance of the trains, the note said.
Trains shall be designed for a maximum speed of 160 kmph. There would be a substantial reduction in journey time. The running time taken by a train shall be comparable to or faster than the fastest train of Indian Railways operating in the respective route.
The objective of this initiative, the note said, 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, and also reduce demand supply deficit in the passenger transportation sector.
The concession period for the project shall be 35 years. The private entity shall pay to the railways fixed haulage charges, energy charges as per actual consumption and a share in Gross Revenue determined through a transparent bidding process.
These trains will be operated by the driver and guard of Indian Railways.
The operation of the trains by the private entity will have to conform to the key performance indicators like punctuality, reliability, upkeep of trains etc. Operation and maintenance of the passenger trains would be governed by standards and specifications and requirements specified by Indian Railways.
Saturday Stories By Rashmi Bansal HarperCollins, 176 pages, Rs 250 From the bestselling author of ‘Stay Hu
Oracle has showcased new AI-powered capabilities within Oracle Analytics Cloud. Leveraging the Oracle Cloud Infrastructure (OCI) Generative AI service, the new capabilities assist analytics self-service users to more quickly and efficiently conduct sophisticated analysis and make better business decisions
The domestic aviation industry has witnessed a remarkable surge in passenger traffic during the first eight months of 2023. According to the latest data analysis, the number of passengers carried by domestic airlines from January to August 2023 reached an impressive 1190.62 lakhs, marking a substantial inc
A function was organised in the Central Hall of Parliament on Tuesday to commemorate the rich legacy of the Parliament of India as the Members came together to bid adieu to the historical building before stepping into the New Building of Parliament. Prime Minister Narendra Modi, Lok Sabha sp
As politicians and policymakers make speeches at the United Nations during a high-level summit next week to assess the lack of progress on the 2030 Agenda and the Sustainable Development Goals (SDGs), people’s leaders representing some of the world’s most marginalised communities have come toge
The fourth G20 Global Partnership for Financial Inclusion (GPFI) meeting held in Mumbai during September 14-16 concluded with members agreeing to work towards the vision of universal financial inclusion under the new G20 Financial Inclusion Action Plan. Over the course of three days, discuss