Rejig In Big Ticket Rail Projects To Attract More Private Players

by Arun Kumar Das - Aug 2, 2021 10:36 AM +05:30 IST
Rejig In Big Ticket Rail Projects To Attract More Private PlayersTrain 18 Vande Bharat Express. (@proicfindrlys/Twitter)
Snapshot
  • The rejig in big ticket rail projects are being worked out to make it more feasible and investment-friendly, the railways said.

Indian Railways is going to rework the financial model of station redevelopment and private train operation project to attract more private players as the existing revenue sharing and concessionaire agreement, it seems, did not bring the required result.

Besides, in order to provide best comfort and amenities to passengers, the public transporter would acquire world-class coaches through Make-in-India initiatives.

The rejig in big ticket rail projects are being worked out to make it more feasible and investment-friendly, railway sources said.

Recently, bids were opened for the private train operation project and only two players including IRCTC came along for three clusters, which seems to be a poor response to a high-stake project.

It is learnt that instead of loco-hauled trains, focus would be on trainsets with modern world-class coaches like Vande Bharat.

In fact, steps are being taken to produce upgraded versions of Vande Bharat coaches so that passengers can avail top class comforts.

On the station redevelopment front, there would be a relook at the financial model to attract major real estate players, sources said. Elaborating further, sources added that the station redevelopment project could not take off in the expected way with the existing model so that there is need to revise the financial document.

Among others, while there would be focus on safety, speed is also an area where an action plan is underway to reduce travel time of many trains.

The speeding up of bullet train project between Mumbai and Ahmedabad is certainly going to be monitored closely to complete the task on time, it is learnt.

However, for the new dispensation, the cadre merger plan, which has generated a lot of heat and dissent among the rank and file, is not a priority area.

The aim is to make a big turnaround with involvement of every department, sources said.

The railways would also initiate steps to divert goods from the roads to rail through innovative approaches to increase the freight loading, it is learnt.

Arun Kumar Das is a senior journalist covering railways. He can be contacted at akdas2005@gmail.com.


Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments ↓
Get Swarajya in your inbox everyday. Subscribe here.
Advertisement

Latest Articles

    Artboard 4Created with Sketch.