The Indian Railways formally kickstarted on 1st July 2020 its plans to allow private entities to operate passenger trains on its network by inviting request for qualifications (RFQ) for participation on 109 pairs of routes through 151 modern trains, the national transporter said.
The project would entail a private sector investment of about Rs 30,000 crore, the national transporter said.
This is the first initiative for private investment for running passenger trains on the Indian Railways network.
"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," the Railways said.
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