Delhi Metro | DMRC receives eleven EOIs for supply of 25 Metro trains in response to a bid
New Delhi: The Delhi Metro Rail Corporation (DMRC) has floated a tender to deploy 25 trains, each with six coaches, under lease, have come one step closer to reality, and the entity received 11 expressions of interest (EoI) of six possible financiers. and five possible manufacturers of rolling stock. They are willing to sign a tripartite agreement with DMRC to manufacture, finance and lease buses for a period of 30 years. This lease proposal is based on a new public-private partnership (PPP) model, which Indian Railways is testing for the first time. Invest India, created under the Department of Industrial Policy and Promotion (DIPP), analyzed metro systems around the world before recommending the hire of buses under the PPP model to the DMRC. These models to finance and hire trainers exist in Australia, the United Kingdom and throughout Europe. The advantage of the leasing model is that the DMRC will not have to make an initial capital investment or incur any maintenance costs during...