Loco factories to be built under public-private partnership mode

It is official now. Two locomotive factories proposed to be built at Marhaura (diesel) in Saran district and Madhepura (electric) in Bihar will now be built under public-private partnership (PPP) mode. Railway minister Mukul Roy made this clear recently during a meeting with the Railway Board officials.

According to a Board official, there was no question of these major projects getting shelved. The Cabinet Committee on Economic Affairs had already approved them in 2007. “It is good that the railways has taken a firm policy decision to go ahead with these two projects in Bihar,” he said adding the railways would now shortlist bidders for these two factories through International Committee Bidding (ICB).

http://articles.timesofindia.indiatimes.com/2012-04-17/patna/31354729_1_locomotive-factories-railway-minister-mukul-roy-board-official

Published in: on April 22, 2012 at 4:57 pm  Leave a Comment  
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