“The project will lead to private sector investments of around 30,000 crore rupees,” said the press release (representative).
New Delhi:
Railway Council Chairman Vinod Kumar Yadav said Thursday that private operators will operate only 5% of the trains through a public-private partnership while 95% will be operated by Indian railways.
“5% are offered to private operators as part of a public-private partnership (PPP), 95% of trains will be managed by Indian railways. The majority of trains will be manufactured in India. Private operators will set the prices taking into account the fares of airlines and AC buses, “said Yadav.
“Our target is that private trains start operating by April 2023. A mechanism will be put in place to monitor the performance of private trains,” he added.
On Wednesday, the Ministry of Railways announced that it had invited a request for qualification (RFQ) for private participation in the operation of passenger train services on 109 pairs of origin destinations (OD) thanks to the introduction of 151 modern trains (rakes).
A press release from the Ministry of Railways said yesterday: “The 109 OD pairs were formed in 12 clusters across the Indian rail network. Each train must have a minimum of 16 buses.”
The project would involve private sector investment of around 30,000 crore rupees. It is the first private investment initiative to operate passenger trains on the Indian rail network, according to the press release.
The majority of trains will be manufactured in India (Make in India). The private entity will be responsible for financing, acquiring, operating and maintaining the trains, she said.
The railways have stated that trains must be designed for a maximum speed of 160 km / h. There would be a substantial reduction in travel time. The journey time taken by a train must be comparable or faster than the fastest train of the Indian railways operating on the respective route.
“The objective of this initiative is to introduce modern technology rolling stock with reduced maintenance, reduced transit time, stimulation of job creation, increased security, a world-class travel experience for passengers, and also a reduction in the demand supply deficit in the passenger transport sector. The concession period for the project will be 35 years, “he said.
It was further worded as follows: “The private entity will pay the Indian Railways fixed transportation costs, energy costs based on actual consumption and a share of gross revenue determined by a call process. transparent offers. These trains will be operated by the driver and guard of the Indian Railways. “
Train operations by the private entity must comply with key performance indicators such as punctuality, reliability, train maintenance, etc.
The operation and maintenance of passenger trains would be governed by standards and specifications and requirements specified by the Indian railways.
