As per the report, IR intends to produce 800 such train engines over the period of next 11 years in a joint venture with French giant Alstom. The train engines will be manufactured at the Madhepura locomotive factory in Bihar.
The high-power electric locomotives will also be utilised to haul freight trains at twice the existing speed.
A senior official at the Ministry of Railways reportedly said that this is the first major foreign direct investment (FDI) in the railway sector, adding that the increase in speed will result in improving the line capacity of the railway’s network.
The first of its kind high-speed locomotive is estimated to cost around Rs 30 crore and will have its trial run by February 2018, according to the report.
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