Indian Railways has decided to lease coaching stock to interested parties for use as theme-based cultural, religious, and other tourist circuit trains, with an aim to maximise the tourist sector's potential and to capitalize on the key capabilities of tourism experts in areas such as marketing and hospitality.
Indian Railways has decided to lease coaching stock to interested parties for use as theme-based cultural, religious, and other tourist circuit trains, with an aim to maximise the tourist sector's potential and to capitalise on the key capabilities of tourism experts in areas such as marketing and hospitality.
The Ministry of Railways has formed an executive director level committee to prepare the policy and its terms and conditions. According to the Ministry of Railways, the proposed framework would allow interested parties to lease coaches in the configuration they wish. Coaches can be purchased as well.
Leasing to be done for a maximum of 5 years: Indian Railways
The Ministry of Railways informed that leasing will be done for a minimum of five years and will be extendable till the codal life of the coaches. According to policy requirements, the proposed model would have a minimum train composition for leasing purposes. The ministry further stated that interested persons would be subjected to a simple registration process based on eligibility criteria.
Haulage fees, minor stabling fees, and leasing fees will be charged by Indian Railways. According to the department, some significant characteristics of the proposed model include a priority on punctuality and quick approvals for coach refurbishment and routes. Third-party advertising would also be permitted inside the train under the proposed concept.
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