Don’t miss the latest developments in business and finance.

Indian Railways to sign MoU with France

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:08 PM IST

Indian Railways will be signing a MoU with French Railway on Wednesday to expand the area of cooperation between the two railways.

Besides high speed rail corridor, French expertise may be sought on maintenance and upgrading of tracks and signalling system as per the provision of the MoU.

On the safety aspect, there is also a possibility of cooperation between the two railways, said a senior railway official. Dominique Bussereau, the French Minister of State for Transport, Energy and Ecology, accompanied by a high level delegation will be coming to India on May 12.

The formal signing will take place on May 14 at Rail Bhawan in the presence of the French delegation and senior railway officials including Chairman Railway Board KC Jena, a senior railway official said. The MoU will be valid for three years and can be extended for a year if both sides desire so, the official added.

France will become the seventh nation to sign an MoU with Indian Railway. Russia, Italy, Austria, Germany, China and South Africa are other nations who have signed MoU with Indian Railways.

More From This Section

Railways had invited global tenders for conducting a pre-feasibility study of a high-speed train on the Delhi-Chandigarh-Amritsar route. The project aims at cutting travel time between the cities by nearly half.

The study will focus on technicalities, financial and operational viability of the project. Besides Delhi-Amritsar route, the Railways have decided to conduct pre-feasibility studies for four more high speed passenger routes which are Pune-Mumbai-Ahmedabad, Hyderabad-Dornakal-Vijaywada-Chennai, Chennai-Bangalore-Coimbatore-Ernakulum and Howrah-Haldia.

The French team is expected to provide more detailed inputs focusing on technicalities, financial implication, traffic pattern, funding plan, stakeholders' view, fare structure and other related issues in the high speed rail project.

Since the corridor is expected to cost about Rs 50 crore per km, state governments and civic bodies have also been approached for sharing the expenditure. "Many states like Gujarat, Haryana, Karnataka, Punjab, West Bengal and Maharashtra have agreed to partly-fund the project," said the official. There are many countries including Japan, China and Germany which have shown interest in being part of the high speed corridor project.

Also Read

First Published: May 11 2008 | 2:49 PM IST

Next Story