NEW DELHI : As many 102 out of 120 applications are eligible to participate in the financial bidding stage of the Indian Railways' ambitious attempt to rope in private companies to run passenger trains across the country. The project saw interest from around 16 companies including top infrastructure companies, hoteliers and real estate companies such as Cube Highways and Infrastructure, Gateway Rail Freight, GMR Highways Limited, Omaxe, L&T Infrastructure Development Projects, R. K. Associates & Hoteliers among others. Out of 120 applications, 102 applications are found eligible to participate in the RFP stage. The private entities will be selected through a two-stage competitive bidding process--request for qualification (RFQ) and request for proposal (RFP). The bidders will have to offer a fixed-price bid at the RFP stage to undertake the project.

Source: Mint November 19, 2020 15:56 UTC