Infrastructure,Infrastructure sector projects by RITES Ltd in
Project Information
5545
RITES Ltd
Rail India Technical and Economic Services and Indian Railway Construction Company have written to the Railways expressing their willingness to manage and invest in rail projects in the country.
An official familiar with the plan said that the Railway Board is yet to take a decision on the matter eteriorating as successive governments have y for projects because raising passenger idents have been taking place frequently and the safety and quality of travel has worsened across the country.
In a proposal sent earlier this month, RITES has offered to take up projects based on an annuity model and raise the necessary resources for them if the ministry can provide a "comfort letter" assigning the project to RITES without the usual open-bidding process, said an official who didnt want to be named.
RITES is also willing to undertake sanctioned projects under a model in which they are allowed to charge a management fee.
Mr Rajeev Mehrotra CMD of RITES said that "We are very keen and exploring the possibility of investing in railway projects. The basis by which we can do so is still being discussed and the discussions are at a nascent stage."
Meanwhile, the company has more than INR 600 crore cash that can be deployed in projects and could also leverage its strong balance sheet to raise more funds
Project Value
INR 600 Crore /-
Conceptual Stage
Not Specified
India
Infrastructure,Infrastructure
Disclaimer :
We takes all possible care for accurate & authentic tender information, however Users are requested to refer Original source of Tender Notice / Tender Document published by Tender Issuing Agency before taking any call regarding this tender.
