PRCL is a special purpose vehicle (SPV) formed to build, operate and maintain a 271 km long, Rs 373 crore broad gauge railway line between Surendranagar...
* If IR starts arm-twisting its PPP partners, as is the case with PRCL, the later has nowhere to go and is forced to bear the financial losses * An independent regulator with adequate power is essential for the success of PPP in Indian Railways.
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