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

Railway Ministry seeks cooperation of state govts for speedier execution of projects

Image
ANI New Delhi
Last Updated : Mar 02 2015 | 8:57 PM IST

The Ministry of Railways has approached all state governments to form a joint Special Purpose Vehicles (SPV) for speedier execution of ongoing and new projects.

The proposed SPV's role would be to undertake project development, resource mobilization and monitoring of mutually identified rail infrastructure projects.

The ministry has also sought the cooperation from state governments to develop railway infrastructure like stations, road under- bridges, road over bridges and laying of additional lines.

This is coordinated by various levels of Ministry of Railways and as well as state governments. Such assistance is normally in the form of land acquisition, law and order, encroachments removal, temporary closure of roads, shifting of utilities etc.

State government's response, in general, has been positive and cooperative towards railway works.

Also Read

First Published: Mar 02 2015 | 8:49 PM IST

Next Story