Indian Railways to form JV with Maharashtra to fast-Track 20 Projects

Indian Railways to form JV with Maharashtra to fast-Track 20 Projects

Indian Railways will enter into a joint venture (JV) with Maharashtra Government to fast-track 20 rail projects in Mumbai and elsewhere in the state in the presence of Prime Minister Narendra Modi here tomorrow.

The JV would undertake project development works to identify the basket of projects, prepare Detailed Project Report (DPR), get the requisite approvals and monitor and execute the projects, said Prabhat Sahai, Chairman and Managing Director of Mumbai Railway Vikas Corporation (MRVC).

Addressing a press conference along with General Managers of Central and Western Railways, Sahai said, “Prime Minister Narendra Modi would lay the foundation stone of MUTP-3, consisting of new suburban corridors between Panvel and Karjat (28 km), Airoli and Kalwa (3 km) and quadrupling of Virar-Dahanu Road (63 km). Besides 47 new 12-car rakes would be brought for suburban network, and 22 new locations would be upgraded as trespass-proof.” Read More…

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