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Private participation in Railways

Part of: GS Prelims and Mains II and III – Govt schemes and policies; Economy, Privatisation and Infrastructure

In news:

Railways kick-started the process to allow private players to operate certain trains.
The Ministry of Railways said this is the first initiative for private investment in running passenger trains over the Railways network, and will attract investments of about Rs. 30,000 crore.
It added that the objective of the initiative was to –
- introduce modern technology
- reduce transit time
- reduced maintenance
- boost job creation
- provide enhanced safety
- provide world class travel experience
- reduce demand supply deficit in the passenger transportation sector

Do you know?

The Delhi-Lucknow Tejas is the first train that is not operated by the Indian Railways.
Earlier, Indian Railway Catering and Tourism Corporation (IRCTC), which is a public sector undertaking, was entrusted with running the train.

Additional information:

The Railways said “majority” of trains will be manufactured in India.
Private entity will be responsible for financing, procuring, operation and maintenance of the trains.
Trains will be designed for a maximum speed of 160 kmph.

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