“Indian Railways suffers from chronic underinvestment,” he comments. In return, the state-run operator is pledging to provide “non-discriminatory access” to private trains, and therefore avoid unfairly favouring its own trains.Īccording to Mihir Swarup Sharma, a senior fellow at Delhi-based Observer Research Foundation, the initiative has been a long time coming. The move is expected to earn Indian Railways a fee for electricity and lending its infrastructure, as well as a share of total future revenues.
The delay was due to an upcoming major infrastructure upgrade that will bring the network up to speed with the latest technological advancements.Īt the time of writing, over 20 potential bidders have already shown interest, with Bombardier, Alstom, Siemens, NIIF, GMR and ISquared Capital all currently in the race to run some or all the clusters. Originally planned to start in April 2023, future operators will instead begin their contracts in March 2024 with a concession period of 35 years. “Indian Railways suffers from chronic underinvestment.”
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