TS Govt signs MoU with Railways Hyderabad, Feb 11 (INN): The Government of Telangana on Thursday signed an Memorandum of Understanding (MoU) with the Ministry of Railways for 'Formation of Joint Venture Companies for Development of Railway Infrastructure in the State of Telangana.'
On the event of Signing Ceremony, Railway Board Chairman A.K. Mittal, Member Engineering V. K. Gupta, Member Staff Pradip Kumar, Secretary Railway Board R. K. Verma and other Board members and senior officials were present. On behalf of the Railway Ministry, Ved Prakash Dudeja, Executive Director/Works signed the MoU whereas on behalf of Government of Telangana, Sunil Sharma, Principal Secretary, Department of Transport, Roads & Buildings, Govt. of Telangana signed the MoU. Dr. Shashank Goel, Resident Commissioner, Govt. of Telangana was present among others.
The MoU was signed in the backdrop of Railway Minister's Budget announcement regarding setting up of Joint Ventures with States for focused project development, resource mobilization, land acquisition, project implementation and monitoring of critical rail projects.
Speaking on the occasion, A.K. Mittal stated that Railways has a big shelf of projects valuing about Rs. 3.5 lakh crore. Last year, Railways had sanctioned additional lands of 9,000 kilometres. There has always been lot of expectations from various States for new railway lines/lands. Thus, to meet the demands of the States, a Cabinet note was got approved for formation of JV Companies. He stated that 17 States have already consented for formation of JV Companies in their respective States and 5 States have already signed MoUs with Railway Ministry in this regard which include Andhra Pradesh, Kerala and Maharashtra.
News Posted: 11 February, 2016
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