The call for tenders, launched in July last year, did not generate much interest from private players.
The Ministry of Railways had launched calls for tenders for private participation in the operation of passenger trains in 12 groups across the country. The plan included 109 origin-destination pairs. Successful bidders were to be granted a 35-year concession period based on a revenue model.
Of the 12 clusters submitted for bids, only three saw a bid at all.
“The entire tendering process for the operation of private passenger trains is being reassessed,” a government official said.
The current bidding process may or may not be abandoned once the review is complete, he added.
During the call for qualification (DQ) last year, 16 companies from the private sector expressed their interest in the project.
GMR Highways Ltd, Indian Railway Catering and Tourism Corporation Ltd, IRB Infrastructure Developers Ltd, Cube Highways and Infrastructure III Pte Ltd and CAF India Private Ltd were among the top companies that expressed interest. This number decreased considerably during the tender stage (financial tender) which took place recently, with only two bidders.