RAILWAYS

Indian Railways open bids for private and public sectors to operate 29 pairs of trains with around 40 modern rakes

Bids for a public-private partnership (PPP) in passenger train operations project opened Friday, the Railways said, adding both public and private entities have shown interest, a statement said.

After detailed exercise and multiple rounds of discussion with the industry players, the bids for PPP in Passenger Train Operations project are opened on 23 July 2021. This is an entirely new attempt to bring world class trains through Public Private Participation (PPP) in India.

Ministry of Railways has received bids from both private and public sectors to operate 29 pairs of trains with around 40 modern rakes entailing an investment of around ₹7200 crores. The Ministry of Railways will expeditiously complete the evaluation and decide the bids.

“The Ministry of Railways will expeditiously complete the evaluation and decide the bids,” it said.

Source
livemint
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