NEW DELHI: Finally, moving ahead with the ambitious Vande Bharat trains with sleeper facility, Russian rolling-stock major TMH on Monday deposited Rs 200 crore as performance bank guarantee (PBG) to the railways. This has paved the way for the railways to sign a manufacturing cum maintenance agreement with TMH as technology partner for manufacturing of 120 such trains.
The government targets to roll out the first prototype of the Vande Bharat train with sleeper coach by next March, barely months before the Lok Sabha polls.
The Russian major TMH has formed a joint venture with railway PSU, RVNL.
