USTDA to Help India's Ministry of Railways Develop Leasing and Public-Private Partnership Frameworks
September 18, 2015
(USTDA)
NEW DELHI, India - In advance of next week’s U.S.-India Strategic &
Commercial Dialogue, the U.S. Trade and Development Agency committed funding for
a new transportation project that will promote bilateral technical cooperation
in India’s expansive rail sector.
“Rail networks form a critical backbone of a country’s transportation networks
and promote economic activity by moving high volumes of cargo and passengers,”
said USTDA Regional Director Henry Steingass. “USTDA is pleased to partner with
India to share U.S. best practices for infusing greater investment into its
railways and modernizing its operations.”
USTDA provided a grant to India’s Ministry of Railways to help the Ministry
develop new – and modify existing – leasing and public-private partnership (PPP)
frameworks to attract private sector funding for the modernization of India’s
rail infrastructure. The technical assistance will recommend, based on
international best practices, how to refine financing, procurement and
operational methods in order to more successfully attract private funding and
establish effective PPPs.
The opportunity to conduct the USTDA-funded technical assistance for the
Ministry of Railways will be competed through Federal Business Opportunities
(FBO). A link to the FBO announcement will be posted to USTDA’s website at www.ustda.gov. Interested U.S.
firms should submit proposals according to the instructions in the FBO
announcement.
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