Ending the hegemony of a select few with Rlys e-auction for commercial earnings and NFR contracts

Railway ministry launches e-auction for commercial earning and non-fare income (NFR) contracts . The e-auction for commercial earning and non-fare income (NFR) contracts was launched by Railway Minister Ashwini Vaishnaw on Friday .

NEW DELHI: The railway ministry has now made the entire tendering process online in an attempt to denounce a handful of traditional players who have continued to win commercial and non-fare revenue (NFR) contracts such as parking lots, shops, display rights on station circulating areas, coaches, air-conditioned waiting rooms, and cloak rooms.The ministry also ended the restriction on annual revenues of up to Rs 40 lakh, boosting small entrepreneurs and startups.The e-auction for commercial earning and non-fare income (NFR) contracts was launched by Railway Minister Ashwini Vaishnaw on Friday.The lengthy process of submitting bids will be simplified by this new model.

According to the minister, this policy improves household accessibility, promotes accountability, and contributes to Digital India initiatives in the railways.The assets will be mapped location-wise on the website once, and the system will keep track of it for ever, regardless of whether they are collected or not.According to the ministry, this would allow for better asset monitoring on a real-time basis and reduce asset idling.Even for participating in an e-tendering process, bidders must now register with the field unit concerned.

However, a bidder from anywhere in the country can self-register for any field unit of the Indian Railways auctions through the portal.A successful bidder will be accepted online and by email.During the pilot phase, a pilot project was launched in 11 divisions of nine railway zones, and 80 contracts totaling Rs 128 crore were concluded.