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Railways gets ready for PPP plunge by greatindian on 04 July, 2013 - 08:00 PM
avatar greatindian Railways gets ready for PPP plunge on 04 July, 2013 - 08:00 PM

To make up for its failure in attracting private investment, the Indian Railways is gearing up for a grand entry into the private-public partnership (PPP) space with two locomotive factory projects worth Rs 32,000 crore set to take off by December.

Multinational company GE, Chinese locomotive firm CSR and global leader in locomotives EMD have evinced interest in setting up diesel locomotive factories, while five companies - GE, CSR, Bombardier, Alstom and Siemens - have taken part in pre-bid meetings for an electric locomotive factory.

The railways plans to shortlist companies by July-end after receiving the requests for qualification. Arunendra Kumar, chairman, Railway Board, told Business Standard: