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Indian Railways issues tender for 4 MW solar project at Thivim, Goa

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The Ministry of Railways has issued a tender for a 4 MW ground-mounted, grid-connected solar power project at Thivim, Konkan Railway, Goa.  This project, intended to power the Thivim Traction Sub-Station (TSS), will operate on a public-private partnership (PPP) basis under a design, build, finance, operate, and transfer (DBFOT) model for 25 years.  The deadline for bid submission is set for November 29, 2024, with project completion expected within 180 days.  In related developments, Southern…

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Indian Railways to invest Rs 1.74 trillion by 2025, transforming infrastructure and operations

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Indian Railways is on a transformative journey with total investments projected to reach Rs 1.74 trillion between fiscals 2016 and 2025, according to a CRISIL report. This represents a compound annual growth rate (CAGR) of 12%, positioning Indian Railways as a key driver in India’s push toward becoming a high-income economy. The report highlights major infrastructure advancements, including the electrification of over 94% of the broad-gauge network as of fiscal 2024, along with ongoing modernization…