Private passenger trains can fix fare post bids
For the first time, the railroads are seeking bids from private companies to operate 150 pairs of passenger trains under a public-private partnership (PPP). Notably, commercial organisations shall have the freedom to determine passenger rates on these trains, which have a top speed limit of 160 kmph. There will be 12 clusters of these trains throughout the entire railroad system. These trains must each be at least 384 metres long (16 coaches), which is the minimum length required. The private entity is responsible for the trains' finance, sourcing, running, and upkeep.
Also read:
India, Bangladesh sign agreements to boost railway cooperation
RLDA invites bids for leasing out Sirsa land parcel