Jaipur: Cube Construction Engineering Ltd emerged as the top contender to bag the operation and management contract (O&M) for the Palace On Wheels for the five years.
RTDC on Friday opened the bids it has received from private companies for running the luxury tourist train for five years.
The corporation had set a base price of Rs 5 crore and a share if the revenues cross Rs 50 crore. Cube Construction offered the highest share of 18% making it the highest bidder.
The corporation will formally announce the winner in a couple of days after following due process. tnn