The Indian Railways signed a memorandum of understanding with the Telangana government for ensuring speedy execution of rail projects in the state. The MoU envisages the formation of joint ventures with Telangana for development of railway infrastructure in the state.
“States always have a lot of expectations for new railway lines. Thus, to meet the demands of the states, the Cabinet has approved formation of JV companies … The MoU will help in putting the execution of railway projects on a fast track in the state. This will also help take into account the priorities of the states because these projects will be finalised in consultation with them,” Railway Board Chairman, A K Mittal, said at the MoU signing ceremony.
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