Swiss Challenge method leads to 400 stations being identified for development

Q.  Through which method redevelopment of 400 railway stations has been approved by the PM Narendra Modi on 16th July’15?
- Published on 24 Jul 15

a. Bogota Transport Method
b. France Challenge Method
c. Ireland Transport Method
d. Swiss Challenge Method

ANSWER: Swiss Challenge Method
 
Swiss Challenge Method means a Private Sector Participant submits an unsolicited or suo-motu proposal and draft contract principles for undertaking a project, not already initiated by the Government Agency or the Local Authority. The Government Agency or the Local Authority then invites competitive counter proposals in such manner as may be prescribed by the Government.

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