Talgo to enter high speed rail market in India

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The Spanish train manufacturer, Talgo has shown interest in the Indian high speed rail sector. It is thought to be opening an office in the country soon.

The move comes after the Indian Railway Ministry 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) recently, Carlos Basagoiti, official of market development department for Talgo said:

“India is one of the huge markets for us and the announcement of high speed rail networks has made us visit.”

Talgo is eyeing the $7 billion (Rs 33,105-crore) market for the supply and maintenance of high speed trains in India.

The company has supplied high speed trains that run more than 350 km per hour to countries such as Germany, France, Russia and Italy.

Indian Railways has awarded the feasibility study contracts for three high speed lines.

Systra of France is working on Pune-Mumbai-Ahmedabad 650km line, Britain’s Mott McDonald is working on the Delhi-Agra-Lucknow-Varanasi–Patna 991km line and Eneco of Spain is studying the Kolkata Howrah-Haldia 135km line.

All the six corridors will be developed in public-private partnerships.

According to an estimate, the cost per km for high speed rail corridors will be around Rs 100 crore, meaning the Pune-Mumbai-Ahmedabad will cost more than $15 billion.

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