With one taker for Palakkad coach project, Rlys may relax conditions.

Indian Railways' plan to build a coach factory on the public-
private partnership (PPP) mode at Palakkad in Kerala has hit a hurdle with only one company - CSR China - evincing interest in the Rs.600-crore project.

With only one bidder likely after the close of the request for qualification round, the railways may have to look at easing the conditions to make the project more attractive to investors. The factory is proposed to be set up through a joint venture company (JVC) to be formed with a private sector partner selected through international competitive bidding. It will produce 400 stainless steel and aluminum coaches in a year. The estimated cost is said to be around Rs.600 crore.

Financial Express