ANNOUNCEMENTS
The study intends to conduct an assessment of the existing Assets of Kalka Shimla Hill railway, covering two aspects i: e Assessment of Land parcels, Development plans and Monetization Potential and Assessment of Fixed Infrastructure, Rolling stock and their Monetization Potential. Short term measures to increase farebox and non-farebox revenue have been identified based on the assessment and to carry out SWOT analysis of respective hill railway. The Assessment of the existing rail connectivity would be based the planned infrastructure which will enhance the footfall for these hill railways along with assessment of existing land banks available with respective hill railways. The study would take into account the development potential of the site, policy implications, market surveys, mapping of key heritage and real estate assets along with evaluation of influence zones from subject site. The scope of research focuses on study of Fixed Infrastructure, Rolling stock and their Monetization Potential. The analysis should provide basis for deciding the funding options, format and sources under the Public Private Participation (PPP). Also references from international case studies of similar heritage rail systems have been taken as a part of global benchmarking. Aspects such as, revenue streams, associated Real-Estate development, tourist facilities created, sources of ticketing revenue and possible operational expenditure details have been analyzed to for benchmarking. At last, the recommendations of product mix and implementation strategies was given for profit maximization for the Kalka Shimla Heritage Rail Line.
