Rlys forms empowered group to develop 50 stations, privatise 150 trains

Image
Press Trust of India New Delhi
Last Updated : Oct 10 2019 | 7:51 PM IST

Railways has formed a task force to draw a blueprint for developing 50 railway stations with world class standards and allowing private passenger train operators to run 150 trains on its network.

The order comes days after Niti Aayog Chairman wrote to Chairman Railway Board V K Yadav proposing the formation of an empowered group to drive the process in a "time-bound manner".

"Ministry of railways have decided to constitute an empowered group of secretaries for development of 50 railway stations to world class standards and permit private passenger train operators to operate 150 trains with world class technology over Indian Railways," the order stated.

Besides Yadav and Kant, secretary, department of economic affairs and secretary, ministry of housing and urban affairs and financial commissioner (railways) will be part of the empowered group.

Member, Engineering Railway Board and Member, Traffic Railway Board will also be involved in the empowered group.

The mandate of the empowered group will be to approve the bidding process along with bid documents including RFP, RFQ and concession agreements.

It will also monitor the bidding process and take decisions to ensure the projects are awarded in a "time bound manner".

Kant, in his letter dated October 7, had said that there was a necessity to take up the development of the 50 railway stations on a priority basis in a manner similar to the one taken during the privatisation of six airports.

The Tejas Express on Lucknow-Delhi route, which was flagged off on October 4, is the railways' first experience of running a train by non-railway operator, its own subsidiary, IRCTC.

IRCTC has a slew of benefits worked out for its passengers-- combination meals, free insurance of up to Rs 25 lakh and compensation in case of delays.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 10 2019 | 7:51 PM IST

Next Story