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IR receives 30 proposals under PPP mode

Saturday, 24 Apr 2010
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The Indian Railways has received 30 investment proposals from private companies for its various projects under PPP mode.

The companies have shown their keenness in various projects, including bottling scheme, doubling, new lines and tracks.

The IR has identified 37 projects that are to be developed under PPP mode. Some of these projects include – gauge conversion of Ahmedabad – Himmatnagar - Udaipur (299 km) with an investment of Rs 742 crore, doubling of 22.71 km Ambala cantonment-Dhapper in Haryana for Rs 100 crore, construction of new line in Arrah-Bhabua in Bihar (122 km) for Rs 490 crore.

Of these 37 projects, around 19 are socially desirable, meaning as of now there is no return on investment estimated for such projects. However, the IR officials have asked private companies to chalk out plans to make such projects commercially viable.

 

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