Four firms to take over passenger train operations

LAHORE: Four private firms are set to take over the commercial operation of various passenger trains after their financial bids exceeded the revenue benchmark set by Pakistan Railways (PR).

Following the opening of financial bids on Friday, seven companies qualified after their technical bids were accepted. PR Chief Executive Officer Amir Ali Baloch confirmed to Dawn that four of these firms submitted financial bids above the benchmark fixed by the relevant authorities.

He said that out of the 10 trains offered for outsourcing...