Larsen & Toubro, GMR, BHEL Qualify To Bid For Private Train Operations
Indian Railways has completed the process of evaluating applications for public-private partnership (PPP) in passenger train operations. Out of 120 applications,102 have been found eligible to participate in the Request for Proposal (RFP) stage. Infrastructure majors such as Larsen & Toubro (L&T), GMR and BHEL are among the 102 eligible applicants qualified to bid in the first stage. This is the first major initiative in the country to attract private investment in passenger train operations.
The Railways had started taking application from October 7, 2020. Private entities for undertaking the project would be selected through a transparent two-stage competitive bidding process comprising of RFQ and RFP.
In July, Indian Railways had announced the introduction of 151 modern trains, and invited requests for qualification (RFQ) for private participation in passenger train operations over 12 clusters covering more than 150 routes. The Railways - which is one of the world's largest employers - had sought private investment of about Rs 30,000 crore.
Some of the leading applicants which have qualified for participating in the various clusters in the RFP stage are GMR Highways, Cube Highways and Infrastructure, Indian Railway Catering and Tourism Corporation (IRCTC), IRB Infrastructure Developers, L&T Infrastructure Development Projects and Megha Engineering & Infrastructures Welspun Enterprises.
The qualified applicants who will participate in the RFP stage are spread over 12 clusters. These location-specific clusters include Mumbai, Delhi, Chandigarh, Howrah, Chennai, Patna, Prayagraj, Jaipur, Secunderabad and Bengaluru.
The applicants will participate in the RFP stage of public-private partnership in the passenger train operations project. (Also Read: L&T Bags Over ₹ 7,000-Crore Contract For Bullet Train Project )
Meanwhile, several railway stations across the country are being redeveloped on the PPP model by Indian Railways PSU Indian Railways Station Development Corporation (IRSDC).
Among the first stations to be ready post-redevelopment are the Habibganj and Gandhinagar stations which will boast of airport-like facilities such as transit-oriented development, environment-friendly green building, separate boarding and deboarding platforms.
Almost 98 per cent civil work for the Habibganj station is completed, while 93 per cent civil work for the Gandhinagar station is fulfilled. The Gandhinagar station is the first station which will boast of a five-star railway station above railway tracks.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.