TIL Desk/Business/New Delhi-Six firms including two offshore companies have evinced interest to partner with Indian Railways for developing levitation based train systems. Railways had floated global Expression of Interest for major players involved in levitation-based train system for developing, constructing and running an ultra high speed rail system in India on a public private partnership basis.
However, only two global players — American Maglev Technology from USA and Swissrapide AG from Switzerland — responded besides four Indian firms including BHEL showed interest in the project.
Railways is looking for an average speed of 350 km per hour and a peak speed of approximately 500 km per hour for the levitation-based trains. The last date for submission of Expression of Interest was September 6.
