LATEST NEWS UPDATE
Ministry of Railways invites Request for Qualifications( RFQ) for private participation for the operation of passenger train services over 109 Origin-Destination(OD) pairs of routes
July 3, 2020, 4:17:31 PM
PIB
inistry of Railways has invited Request for Qualifications (RFQ) for private participation for the operation of passenger train services over 109 Origin-Destination(OD) pairs of routes through the introduction of 151 modern Trains (Rakes).
The 109 OD Pairs have been formed into 12 Clusters across the Indian Railway network. Each Train shall have a minimum of 16 coaches.
The project would entail a private sector investment of about Rs 30,000 crore. This is the first initiative of private investment for running Passenger Trains over Indian Railways network.
Majority of Trains to be manufactured in India (Make in India). The private entity shall be responsible for financing, procuring, operation and maintenance of the trains.
Trains shall be designed for a maximum speed of 160 km/ph. There would be a substantial reduction in journey time. The running time taken by a train shall be comparable to or faster than the fastest train of Indian Railways operating in the respective route.
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, and also reduce the demand-supply deficit in the passenger transportation sector.
The Concession Period for the project shall be 35 years.
The Private Entity shall pay to Indian Railways fixed haulage charges, energy charges as per actual consumption and a share in Gross Revenue determined through a transparent bidding process.
These trains shall be operated by the Driver and Guard of Indian Railways.
The operation of the trains by the private entity shall conform to the key performance indicators like punctuality, reliability, upkeep of trains etc.
Railways, Indian Railways, Make in India
Greetings on the opening of the 4th Chersonese International Opera and Ballet Festival
August 12, 2020, 11:24:41 AM
RUSSIA
Foreign Direct Investment in Commercial Coal Mining in India
August 12, 2020, 10:36:33 AM
PIB
Draft Defence Production and Export Promotion Policy 2020
August 12, 2020, 10:28:37 AM
PIB
DCGI approves Phase II+III trials of Oxford University vaccine by Serum Institute, Pune
August 12, 2020, 9:59:44 AM
PIB
BHARAT AIR FIBER, a last-mile telecom connectivity solution based on Radio Network
August 12, 2020, 9:35:33 AM
PIB
Minister Nitin Gadkari approves a New Scheme to Make India Aatmanirbhar in Agarbatti Production
August 12, 2020, 9:09:58 AM
PIB
Four more States/UTs linked with One Nation One Ration Card scheme today
August 12, 2020, 8:07:52 AM
PIB
Government working with RBI on Industry’s need for loan restructuring
August 9, 2020, 2:15:34 PM
PIB
Union Education Minister calls on the Vice President and hands over the New Education Policy
August 8, 2020, 2:16:51 PM
PIB
New Supreme Court building inaugurated by PM Modi and PM of Mauritius Mr Pravind Jugnauth
August 8, 2020, 2:11:48 PM
PIB