signed. The time line for bidding set by the Prime Minister is February-end, but the project is expected to be delayed by at least three months. “Investors need more time as it’s a big project and various issues must be worked out before the bidding starts,” a senior railway officer told FE.
Rail loco factories in Bihar: The future of Rs 2,053-crore diesel loco factory at Marowhra, Bihar and electric loco unit at Madhepura looks uncertain. The proposal to build these factories was mooted in 2007. The Railway Board had invited 11 bids for these projects. American giants such as GE and EMD are in the short list, but there is no time line set yet for awarding the projects. “There were issues related to assured off-take of locomotives (a demand of private players), the duration of maintenance of these locos by the companies and land transfer. All these issues are being resolved,” said a rail board official. The PM had set a deadline for the bidding to start by December 31, but that was not to be.
Multi-modal Logistics Parks:
The plan was to set up about 20 logistic parks, with an estimated investment of about Rs 10,000 crore from private sector. There is no progress on the project yet.
Commercial utilisation of surplus land: The plan to lease railway land to private players for building multi-function complexes is still on paper. It was expected to earn railways Rs 6000 crore.