Feb 1 2016 | India Opportunities

MOU signed to fast track rail infrastructure development

Ministry of Railways and State Governments of Andhra Pradesh and Kerala have recently signed two separate Memoranda of Understandings (MoUs) for setting up of joint venture companies. The JV companies would be set up to undertake development of railway infrastructure in these states. There are number of ongoing new line, gauge conversion and doubling projects needing about Rs.3.5 lakh crore to complete. The formation of these JVs would help in quick mobilisation of funds, facilitate various clearances, land acquisition thus leading to faster commissioning of critical rail infrastructure projects