The Spanish train manufacturer, Talgo has shown interest in the Indian rail sector. It will be opening an office in the country soon.
The move comes after Indian Railway Ministry has decided to set up the National High Speed Rail Authority (NHSRA) that will develop six high speed rail corridors in India by 2020.
Speaking on the sidelines of the International Railway equipment exhibition (IREE) organised by Confederation of Indian Industry (CII) recently, the Carlos Basagoiti, official of market development department, Talgo said, “India is one of the huge market for us and the announcement of high speed rail networks has made us visit India.”
Talgo is eyeing the $7 billion (Rs 33,105-crore) market for supply and maintenance of high-speed trains in India, it is learnt.
The company is already supplying high speed trains that run more than 350 km per hour to countries such as US, Germany, France, Russia and Italy.
Indian Railways has already given the feasibility study contract for three high speed line to Systra, France , which is working on Pune – Mumbai – Ahmedabad 650km line, Mott McDonald, Britain, working on Delhi – Agra – Lucknow – Varanasi – Patna 991km line and Eneco, Spain, who is studying the Kolkata Howrah – Haldia 135km line.
The feasibility study for the other three corridors of Delhi – Amritsar 450km line, Hyderabad – Chennai line, and Chennai – Bangalore – Ernakulum line is yet not decided.
All the six corridors will be developed in public-private partnerships model. According to an estimate, cost of per km line for high speed rail corridor will be about Rs 100 crore, if that is taken as the bench mark, the Pune-Mumbai-Ahmedabad will cost more than $ 15 billion.
Add to Google
