, ||Private Passenger trains on profitable routes||
The Centre on Wednesday made the first step towards the privatisation of the Indian Railways, and invited Request for Qualifications(RFQ) from firms to operate train services on 109 routes through the introduction of 151 modern trains. Private train operations in the country will begin by April 2023, and the ticket fares in these trains will be competitive with airfares on similar routes, the Railways said on Thursday.
The 109 route pairs, the Railway Ministry said, have been formed into 12 clusters on the railway network. Financial Express reported that the 12 clusters in the tender are 2 Mumbai clusters, 2 Delhi, Chandigarh, Howrah, Patna, Prayagraj, Secunderabad, Jaipur, Chennai and Bengaluru.
Railway Board Chairman VK Yadav said that private players in passenger train operations will mean a quantum jump in technology and coaches that run at higher speeds.
Yadav said that private participation in passenger train operations will only be 5% of the existing 2800 Mail/Express trains over IR.
He also said that the introduction of private players would also mean that trains will be available on demand and that passenger waitlist will decrease. It will also share revenue with Indian Railways through competitive bidding.
The private entity has to ensure 95% punctuality and record not more than one failure per lakh kilometre of travel. "If any performance indicators are not met by private players in passenger train operations they will be penalised, said Yadav.
He also said that there will be a power meter in every locomotive and private operators will pay for the actual amount of energy consumed. This, Yadav said, will encourage them to keep their energy consumption low.
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, ||Private Passenger trains on profitable routes|| The Centre on Wednesday made the first step towards the privatisation of the Indian Railways, and invited Request for Qualifications(RFQ) from firms to operate train services on 109 routes through the introduction of 151 modern trains. Private train operations in the country will begin by April 2023, and the ticket fares in these trains will be competitive with airfares on similar routes, the Railways said on Thursday. The 109 route pairs, the Railway Ministry said, have been formed into 12 clusters on the railway network. Financial Express reported that the 12 clusters in the tender are 2 Mumbai clusters, 2 Delhi, Chandigarh, Howrah, Patna, Prayagraj, Secunderabad, Jaipur, Chennai and Bengaluru. Railway Board Chairman VK Yadav said that private players in passenger train operations will mean a quantum jump in technology and coaches that run at higher speeds. Yadav said that private participation in passenger train operations will only be 5% of the existing 2800 Mail/Express trains over IR. He also said that the introduction of private players would also mean that trains will be available on demand and that passenger waitlist will decrease. It will also share revenue with Indian Railways through competitive bidding. The private entity has to ensure 95% punctuality and record not more than one failure per lakh kilometre of travel. "If any performance indicators are not met by private players in passenger train operations they will be penalised, said Yadav. He also said that there will be a power meter in every locomotive and private operators will pay for the actual amount of energy consumed. This, Yadav said, will encourage them to keep their energy consumption low.