New Delhi (Sputnik) – The Indian government plans to invest nearly $15 bln on this ambitious project over the next five years. The firm that bags this project will be required to design, build, operate and maintain the levitation train systems for both passenger and cargo transport.
This comes ahead of a crucial seminar of global ultra high-speed train manufacturers scheduled on September 2 in India. The requirements laid down by the Indian Railways in the formal invitation of bids states that the system will be operated under a public-private partnership mode and that the trains must be capable of carrying passengers as well as cargo. The deadline for submission of bids is September 6, 2016.
The Ministry of Railways has also proposed to set up a center for levitation train technologies to carry out research for further evolving the technology in India.
