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Sep 01, 2015
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Indian Railways gets two FDI projects worth Rs 42,000 cr
The Indian Railways has set the ball rolling for FDI, reports Bilal Abdi in New Delhi. The first two ventures by IR would bring in Rs 42,000 crore of investments to Bihar that is slated for assembly Polls this November. The first project would be an electric locomotive production facility, a joint venture, in Madhepura, with an investment outlay of Rs 22,000 crore. Railways is set to choose its majority partner from three global bidders — Alstom, Bombardier and Siemens — sources said. Financial bids for the Madhepura locomotive factory were opened on Monday.Railways will open financial bids for the other project, a Rs 20,000-crore diesel locomotive factory at Marhora, on Tuesday. It has shortlisted GE and EMD — one of which would be the private partner for the Marhora unit. In both the projects, IR will have 26% stake, while the selected global bidder will have the remaining 74%.
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http://www.financialexpress.com
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