India News | No Proposal Under Consideration for Running Passenger Trains by Private Operators: Railways
Get latest articles and stories on India at LatestLY. There is no proposal under consideration for the operation of passenger trains by private players, the railways informed Parliament Friday, years after the national transporter unveiled plans to hand over certain routes to private parties.
New Delhi, Jul 22 (PTI) There is no proposal under consideration for the operation of passenger trains by private players, the railways informed Parliament Friday, years after the national transporter unveiled plans to hand over certain routes to private parties.
In a written reply in Rajya Sabha, Railway Minister Ashwini Vaishnaw said the railways currently has no proposals in this regard.
The national transporter planned to introduce private trains on its network in phases, with the first dozen due to start running in the 2023-24 financial year and all 151 by 2027.
However, only two bidders, IRCTC and Megha Engineering & Infrastructures, evinced interest at the financial bidding stage.
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This has now led to the whole proposal being put on the back burner because of lack of interest among private players.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)