Railways Allows Private Sector

Government's plan to monetise railway assets by allowing private sector players to operate trains didn't attract investors due to improper structuring

Indian Railways, the world's fourth-largest network, is seeking investments from private firms to operate passenger trains for the first time, an initiative that could potentially revamp a notoriously inefficient system.

The Railways on Wednesday formally kickstarted its plans to allow private entities to operate passenger trains on its network by inviting request for qualifications (RFQ) for participation on 109 pairs of routes through 151 modern trains, the national transporter said.

Promising to open railways, financial and energy sector to privatisation, China's new Premier Li Keqiang today pledged to deepen comprehensive reforms to revitalise the world's second largest economy, which has slowed considerably in the last two years.

Government's plan to monetise railway assets by allowing private sector players to operate trains didn't attract investors due to improper structuring

Indian Railways, the world's fourth-largest network, is seeking investments from private firms to operate passenger trains for the first time, an initiative that could potentially revamp a notoriously inefficient system.

The Railways on Wednesday formally kickstarted its plans to allow private entities to operate passenger trains on its network by inviting request for qualifications (RFQ) for participation on 109 pairs of routes through 151 modern trains, the national transporter said.

Promising to open railways, financial and energy sector to privatisation, China's new Premier Li Keqiang today pledged to deepen comprehensive reforms to revitalise the world's second largest economy, which has slowed considerably in the last two years.