In a major shift from the past, Indian Railways plans to bid out large tenders as high as 1,500 km under the engineering, procurement and construction (EPC) model for railway electrification, to achieve its target of full electrification by 2021.
The move will bring electrification costs substantially down for the national carrier, which at present pays around Rs1-2 crore per km for electrification.
“We plan to make large packages ranging from 400km to 1,500km under EPC contracts. The deal will bring good value and expedite process. Besides, from now on, all electrification contracts would be on EPC mode,” a senior railway ministry official said on condition of anonymity.
He refused to share more details, adding that the bids were yet to be finalized. Read More…
Latest posts by Livemint (see all)
- Petrol price hiked for first time in 2 months. Check today’s petrol, diesel rates - December 13, 2018
- Oil prices on shaky ground amid global financial market worries - December 11, 2018
- Railway Board gives in-principle approval to Rs55,000 crore Mumbai sub-urban rail project - December 11, 2018