Thursday, March 24, 2016

MoU signed to set up joint venture for Railway project in C’garh

Railways joined hands with the Chhattisgarh government for laying of 762 km-long rail line in the state as part of the rail infrastructure development plan.
  • The MoU envisages formation of a joint venture company with the state for execution of rail projects. The JV companies will have 51 per cent stake of the state government and 49 per cent of Railways.
  • The governments of 17 states have consented to formation of joint venture companies with Railways for rail infrastructure development.
  • Chhattisgarh is the fifth state to join hands with the Railways for speedy execution of rail projects through JV route
Key points:
  • Chhattisgarh Capital: Raipur
  • Chhattisgarh Governor: Balramji Das Tandon
  • Chhattisgarh CM: Raman Singh

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