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Indian Railways to Invite Bids to Operate Private Trains: Mint


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Railways identified about 100 destinations where passenger trains will be run by firms that win the contracts


Indian Railways
Most destinations are expected to be the same as was in the bids invited last year. Photo: Reuters

 

Indian Railways plans to invite bids from private operators for running more than 150 passenger trains in the year starting April 1, after a similar plan failed last year, Mint reported.

The railways has identified about 100 destinations where passenger trains will be run by firms that win the contracts. Most destinations are expected to be the same as in the bids invited last year, but the process had to be scrapped in November because of muted interest from private companies, the report said, citing sources aware of the developments.

 

Read the full report: Mint.

 

 

 

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Kevin Hamlin

Kevin Hamlin is a financial journalist with more than 40 years of experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.

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