While China has promised investments worth USD50B for the modernisation and technological upgrade of the Indian Railways, final touches are being given to a draft MoU between the countries that envisages Chinese participation in projects including India’s plans to develop international class railway stations.
The MoU will provide for a structured arrangement between the two countries for cooperation in critical areas — including training in heavy haul operations and plans to run semi high speed trains, sources said.
The proposed agreement — being regarded as the high point of Chinese premier Xi Jinping’s visit — is also likely to contain a proposal to set up a world-class rail university in India on the patterns of such universities in China.
Source: www.hindustantimes.com
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