IR has recommended two amendments in its 2012 PPP policy. This includes the extension of the concession period to 50 years, as major projects currently have a concession period of about 20-35 years and the adoption of full responsibility for land acquisition cost and process. The amendments aim to revive private players’ participation in railway projects and reduce risks for private investors. IR has identified a total of 15 projects worth Rs 358 billion to be taken up under the PPP mode, which includes station redevelopment, new railway lines and doubling of tracks by 2028.
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