MoU With State Government for Construction of New Railway Lines Railways have entered into a Memorandum of Understanding/Joint Venture Agreement(s) with the States of Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Kerala, Maharashtra, Odisha & Telangana. A similar company is already in place for Karnataka. State Governments have been approached with the request to create State specific joint ventures to undertake project development, resource mobilization and monitoring of mutually identified rail infrastructure project(s) on cost sharing basis. The Joint Venture Company can form Project Specific Subsidiary Company (Project SPV) which may have equity holding by other stake holders like Banks, PSUs, Ports, Mining Companies etc. for its implementation. So far, 17 State Governments have shown interest and supported the proposal. In addition to the States mentioned in answer to part (a) above, the other States who have shown interest in such proposals are Bihar, Jharkhand, Madhya Pradesh, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh and West Bengal. This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Rajya Sabha on 18.11.2016 (Friday).
