Indian Ministry of Railways and Odisha to Develop Railway Infrastructure

Indian Ministry of Railways has signed an agreement with the Government of Odisha to create a joint venture (JV) to develop railway infrastructure in the state.

Indian Ministry of Railways and Odisha to Develop Railway Infrastructure
June 16, 2016 11:27 am

The JV company will be 49% owned by the railway and 51% owned by the state government. It will identify development projects and find finance sources to execute them.

It is reported that after finances for a project are tied, project-specific special purpose vehicles (SPV) shall be formed, which can have other stake-holders from industry, central public sector undertakings (PSUs), and state PSUs.

New JVs will also be set up to monitor critical rail projects to cater growing demands for railway lines in various states. Consent has been given by 17 state governments to form JVs in partnership with the ministry, which have also sent draft MoUs to these governments and held discussions to clarify various provisions.

MoUs have already been signed by the governments of the Indian states of Odisha, Maharashtra, Chhattisgarh, Andhra Pradesh, Telangana, Kerala, and Haryana.

Other states including Punjab, Bihar, West Bengal, Madhya Pradesh, Rajasthan, Tamil Nadu, and Uttar Pradesh have also agreed to form JVs. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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