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.

Keyfacts: 

• 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