DAILY NEWS ANALYSIS
03 March, 2020
2 Min Read
Prelims and Mains focus: about the move and its significance; reforms in the railways sector
News: The government has decided to delink the cost of energy consumed by the private trains from the overall haulage charges payable to Railways.
Aim of the move : To make the business of running trains more viable for private operators in the future.
A new business model for the Railways
The government is on course to bring in private sector into the business of running passenger trains. The idea is that when Dedicated Freight Corridors take away at least 70 per cent of freight trains, a lot of capacity will open up in the conventional network. To meet the huge demand for more trains without spending on investments, the idea is to get private sector to share some of that burden. More routes will eventually be opened, The current exercise is to try and present a lucrative business proposition for the private players to enter the segment and invest for the long term.
Details of the move
What are haulage charges?
Haulage charge is the money private players will have to pay to Railways, on a per-km basis, for using its infrastructure in operating the trains – track, signaling, associated manpower and the like.
Significance of the move
So far, big names from industry like Tata Realty, Adani Ports and SEZ, the Essel Group and others, and PSU IRCTC have shown interest in bidding for the routes.
Source: Indian Express
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