Indian Railways to allow private players for bullet train projects

The Indian Railways, in a major development, is set to have private players for constructing and operating its planned seven new bullet train projects.

The projects —Delhi-Varanasi, Mumbai-Nagpur, Delhi-Ahmedabad, Chennai-Mysore, Delhi-Amritsar, Mumbai-Hyderabad, and Varanasi-Howrah — are expected to cost around Rs. 10 trillion. “All the seven new bullet train routes will be open for private players. We will be doing it on a public private-partnership model,” said V K Yadav, chairman and chief executive officer of the Railway Board. These routes will be in addition to the already planned Mumbai-Ahmedabad high-speed rail project.

BS