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Indian Railways Seeks Private Investments To Run Trains

BP World Bureau | Jul 03 2020 01:10:56 PM
Image credits: pinterest

NEW DELHI: Indian Railways is seeking investments from private firms to operate passenger trains for the first time as part of their plan to revamp their inefficient system. 

According to an official, the Ministry of Railways asked companies to submit their interest to run passenger trains over 109 origin-destination routes via 151 trains.

Read: COVID Updates: Over 20,000 Cases Reported In 24 Hours, Human Trials For 2nd Vaccine 

The Ministry added that the project will entail an investment of about 300 billion rupees ($4 billion).

Amid COVID pandemic and economic downfall, Prime Minister Narendra Modi needs to tap new sources of cash to boost economic recovery and create jobs and this deal is important.

Indian railways the world's fourth-largest railway network.