According to a Business Standard report, the requests for qualification (RFQs) have been invited from private firms for operating train services over 109 origin-destination (OD) pairs of routes. The routes have been formed into 12 clusters across the Indian Railways
network. CLICK HERE TO READ FULL REPORT
"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
The concession period for the project will be 35 years. The private entity will pay fixed haulage charges and energy charges based on actual consumption, besides a share in gross revenue determined through a transparent bidding process to the Railways. The national transporter will be providing drivers and guards to operate these trains for the private players. The operation of the trains shall conform to key performance indicators like punctuality, reliability, and upkeep of trains.
“This is the first initiative of private investment for running passenger trains over the Indian Railways network. The majority of the trains will be manufactured in India. The private entity shall be responsible for financing, procuring, operation, and maintenance of the trains,” the Railways said in a statement.