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NITI Aayog’s CEO-public-private partnership on rail privatization will benefit everyone. Amitabh Kant, CEO of NITI Aayog on public-private partnership in passenger trains

India

oi-Rahul Kumar

| Updated: Thursday, September 17, 2020, 6:07 PM [IST]

New Delhi. NITI Aayog CEO Amitabh Kant said on Thursday of privatization in the Indian Railways that this Railways initiative will be able to run trains based on modern technology in the country. This is the first time in the country that private companies have run trains with modern technology using Indian Railways infrastructure. Railways don’t stop running a private train, everyone will benefit. Not only this, at the press conference Amitabh also counted the benefits of public-private partnerships.

Amitabh Kant said this is the first time in the country that a private company has run a train with modern technology using Indian Railways infrastructure. This is a big win for Indian Railways as well as investors. With this Kant said that modernization of Indian Railways is a win-win situation for everyone! High quality train services, new technology and value-added services will improve the user experience.

Amitabh Kant said we are looking at 109 train routes, which require 151 trains, which are divided into 12 groups. For this we carry out the bidding process in a transparent manner. He said: ‘The private sector investment we are looking at is approximately Rs 30,000 crore. Kant said private train fares will be determined based on the market. Passengers also receive value-added service. Private investment of about 30 thousand crore rupees is expected to come to the railways through privatization.

Amitabh Kant said 50 train stations will be redeveloped by the end of next year. He also clarified that we are not privatizing the railways. The private company will use railway infrastructure. He said SBI has not closed after coming to the private bank. Air India has not stopped after the arrival of Indigo, Vistara. After the arrival of such private trains, Indian Railways will not stop, but capacity and competition will further increase.

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