Indian Railways to allow private firms in the bullet train projects

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Bullet Train

NEW DELHI (Metro Rail News): The Indian Railways, in a major development, is set to have private players for constructing and operating its planned seven new bullet train projects. The projects —Delhi-Varanasi, Mumbai-Nagpur, Delhi-Ahmedabad, Chennai-Mysore, Delhi-Amritsar, Mumbai-Hyderabad, and Varanasi-Howrah — are expected to cost around Rs 10 trillion. “All the seven new bullet train routes will be open for private players. We will be doing it on a public-private-partnership model,” said V K Yadav, chairman and chief executive officer of the Railway Board.

These routes will be in addition to the already planned Mumbai-Ahmedabad high-speed rail project. The move comes when the railways is trying to attract private players for its Rs 1-trillion station redevelopment and Rs 30,000 crore private train project. 
The last date of application for private investors is October 7.

The Indian Railway Station Redevelopment Corporation has come up with a request for quotation for 10 stations. Among the major stations include the Chhatrapati Shivaji Maharaj Terminal (CSMT) in Mumbai and New Delhi Railway Station. The CSMT is expected to see investments of around Rs 1,642 crore and NDLS around Rs 4,925 crore. The last date for submitting bids for New Delhi is November 6 and for Mumbai October 22. 

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