IR develops new PPP policy with 50 projects

IR is developing a new PPP policy and has identified around 50 projects to be offered under it, including high-return projects such as port connectivity and mineral corridors. This new policy is expected to replace the existing framework, under which 17 projects are currently operational. Notably, the updated PPP model will allow investors in railway tracks and related infrastructure to recover their investments through tariffs on goods transportation. Additionally, IR is expected to earn revenue shares as well as a fixed income from these projects. The policy aims to minimise revenue risk for IR, reduce litigation and promote arbitration for faster dispute resolution.