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Pipavav Railway Corporation

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Pipavav Railway Corporation

  • A unique example of public-private partnership (PPP)
  • Formed as a JV company
  • Leading company in India's railways sector

To create a special purpose vehicle (SPV), Pipavav Railway Corporation Ltd (PRCL) was set up in May 2000 under the Companies Act, 1956, as a joint venture (JV) company with Indian Railways and Gujarat Pipavav Port Ltd (GPPL) under a shareholder's agreement with 50 per cent equity participation of each party. PRCL is a unique example of public-private participation (PPP) in the development of infrastructure.

The SPV was assigned the task of converting the metre gauge line between Surendranagar and Rajula City to broad gauge and its further extension to Pipavav Port. The company is also entrusted the task of managing all operations and commercial functions in connection with the carriage of freight traffic on the 271 km Pipavav Railway connecting port of Pipavav. PRCL enjoys the status of a Railway Administration, under the Railways Act, 1989.


Pipavav Railway Corporation Ltd: First Infrastructure Modal of PPP in Rail Transportation

2002 Commences commercial operations
2000 Gets incorporated under Companies Act, 1956

Updated: October, 2014

Railways is aiming at $500 billion investment in next 10-12 years to increase capacity in anticipation of faster economic growth.
x IBEF : India Brand Equity Foundation