Indian Railways has completed the process of evaluating applications for public-private partnership (PPP) in passenger train operations. Out of 120 applications,102 have been found eligible to participate in the Request for Proposal (RFP) stage.
Infrastructure majors such as Larsen & Toubro (L&T), GMR and BHEL are among the 102 eligible applicants qualified to bid in the first stage. This is the first major initiative in the country to attract private investment in passenger train operations.
The Railways had started taking application from October 7, 2020. Private entities for undertaking the project would be selected through a transparent two-stage competitive bidding process comprising of RFQ and RFP.
In July, Indian Railways had announced the introduction of 151 modern trains, and invited requests for qualification (RFQ) for private participation in passenger train operations over 12 clusters covering more than 150 routes. The Railways – which is one of the world’s largest employers – had sought private investment of about ₹ 30,000 crore.