Private train companies will have to pay a deposit of Rs 1,000 crore

-Can leave the station only after checking by government officials

-Police Commission held a meeting with the concerned representatives

New Delhi Dated 31st October 2020 Saturday

With the government's decision to launch private trains in the country, it was now learned that the government would charge private train companies a deposit of Rs 1,000 crore for the safety of trains and passengers. In addition, government officials will be able to leave the train station only after checking the train.

Officials from the National Policy Commission and the Ministry of Railways held a meeting with the Public Private Partnership Appraisal Committee and discussed these issues in detail. The government had planned to run 151 private trains. However, at present the railways are considered a government department and millions of railway employees are annoyed with the privatization of the railways as everyone in a private company has to answer for their duties. There is no such bond in government accounts. Employees behave arbitrarily on the strength of unions.

A meeting of the National Policy Commission, the Ministry of Railways and the Public Private Partnership Appraisal Committee decided that a private company running trains would have to deposit three per cent of the total amount spent on the railway project as a security deposit.

However, the policy commission felt that there was no need to take security deposit from companies undertaking such a big project. Companies have invested Rs 30,000 crore in the bar cluster to run private trains, so if we don't take a deposit from them, it will work.

It was argued that if a company could not provide satisfactory service and meet its financial obligations, the government should have some financial option so that the trains in the area concerned do not get stuck.