railway-news
Railways completes RFQ evaluations for PPP in Passenger Train Operations Project
New Delhi: Indian Railways has completed the RFQ evaluations for PPP in Passenger Train Operations Project.
Out of 120 applications, 102 applications have been found eligible to participate in the RFP stage.
Ministry of Railways (MOR) had invited Request for Qualifications (RFQ) for private participation in operation of passenger train services over 12 Clusters comprising for more than 150 Origin Destination pair of routes through introduction of 151 modern Trains.
This is the first major initiative of attracting private investment for running Passenger Trains over Indian Railway Network. The project would entail private sector investment of about Rs 30,000 crores.
The private entities for undertaking the project would be selected through a transparent two-stage competitive bidding process comprising of Request for Qualification (RFQ) and Request for Proposal (RFP).
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