The recent railway budget stressed that the national transporter with scarce resources will have to embrace the PPP model in various areas production of rolling stock, high-speed rail networks, logistic parks, station modernisation, etc. The target set for PPP projects this year is a modest R6,000 crore but over the next few years, PPP investments in the sector are expected to rise manifold.
The Marhowra project, which has been in limbo for more than six years, is likely to be awarded in September. Four multinational firms, including two Chinese companies CSR and CNR, apart from the two shortlisted, had applied for the project. The request for proposal document will be issued soon, after which the final selection will be made, a railway board official told FE.