Date of Post : 22 July, 2017
Kolkata: Three Transportation giants Alstom, Siemens, & Stadler Bussnang AG are in a race to set up an electric rail coach factory in West Bengal.
The proposed rail coach factory, which will produce coaches with aircraft-type interiors and is expected to come up on railway land in Kanchrapara near Kolkata on a public-private partnership (PPP) basis & will involve a total investment of Rs 2,000 crore (approx US$ 312.5 Million).
- This is the 2nd largest tranche of FDI (Foreign Direct Investment) in the railway sector under the “Make in India” programme.
- The selected bidder will manufacture & supply train sets comprising nearly 5,000 electric rail cars over 12 years & undertake their maintenance for another 13 years.
- The factory will produce rolling stock worth Rs 50,000 crore (approx US$ 7812.5 Million) in 12 years and will help Railways save almost Rs 10,000 crore (approx US$ 1562.5 Million), compared to the imported value of these coaches.
- Indian Railways (IR) have already shortlisted 3 consortia, namely, Siemens-Bombardier Transportation, CRRC Corporation of China-Alstom Transport, & Stadler Bussang AG (Switzerland)-Medha Servo Drives.
- The government will own 26% in the joint venture.
- Final bidding will take place in December 2017.
- This project is part of the modernisation drive of Indian Railways.