Private train project: IRCTC and MEIL submits bids
RAILWAYS & METRO RAIL

Private train project: IRCTC and MEIL submits bids

Indian Railways opens bids for a public-private partnership (PPP) in passenger train operations projects in three clusters, while Indian Railway Catering and Tourism Corporation (IRCTC) and Megha Engineering and Infrastructures (MEIL) participate in the bidding process.

Indian Railway Catering and Tourism Corporation (IRCTC) and Megha Engineering & Infrastructures (MEIL) have submitted their bids for Rs 7,200 crore for the Private Train Project in three clusters - Mumbai 2, Delhi 1, and Delhi 2 under the Government of India's passenger train operation projects in New Delhi.

The Ministry of Railway told the media that after multiple rounds of detailed discussion with industry players, the bids for PPP in passenger train operations project were opened on 23 July 2021. The Ministry has received bids from both the public and private sector to operate 29 pairs of trains with around 40 pairs of modern rakes with an investment of around Rs 7,200 crore.

Around 30 pairs of private train services will be operated in three clusters, and the project will attract investment of around Rs 7,200 crore. A total of Rs 30,000 crore investment will be done for running passenger trains, according to the plan.

The private players will be selected through a transparent two-stage competitive bidding process involving a request for qualification (RFQ) and a request for proposal (RFP) to carry out the Private Train Project.

According to the private train plan, Indian Railways expects to start private rail operations with 12 trains by March 2023, and it intends to launch 151 such services by 2027.

Image Source


Also read: Railways to roll out 10 Vande Bharat trains connecting 40 cities

Indian Railways opens bids for a public-private partnership (PPP) in passenger train operations projects in three clusters, while Indian Railway Catering and Tourism Corporation (IRCTC) and Megha Engineering and Infrastructures (MEIL) participate in the bidding process. Indian Railway Catering and Tourism Corporation (IRCTC) and Megha Engineering & Infrastructures (MEIL) have submitted their bids for Rs 7,200 crore for the Private Train Project in three clusters - Mumbai 2, Delhi 1, and Delhi 2 under the Government of India's passenger train operation projects in New Delhi. The Ministry of Railway told the media that after multiple rounds of detailed discussion with industry players, the bids for PPP in passenger train operations project were opened on 23 July 2021. The Ministry has received bids from both the public and private sector to operate 29 pairs of trains with around 40 pairs of modern rakes with an investment of around Rs 7,200 crore. Around 30 pairs of private train services will be operated in three clusters, and the project will attract investment of around Rs 7,200 crore. A total of Rs 30,000 crore investment will be done for running passenger trains, according to the plan. The private players will be selected through a transparent two-stage competitive bidding process involving a request for qualification (RFQ) and a request for proposal (RFP) to carry out the Private Train Project. According to the private train plan, Indian Railways expects to start private rail operations with 12 trains by March 2023, and it intends to launch 151 such services by 2027. Image Source Also read: Railways to roll out 10 Vande Bharat trains connecting 40 cities

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?