Indian Railways and Punjab govt eye JV to fast track rail infra projects

By Vijay C Roy  www.business-standard.com

In a first of its kind project, the Indian Railways and the Punjab government have decided to form a joint venture company to fasttrack planned rail projects in the state as well as take up new projects, including creation of ultra modern railway stations and laying new railway tracks.

Announcing a first of its own kind joint development venture for the railways here along with Deputy chief minister Sukhbir Singh Badal after attending a public rally Union Railways Minister Suresh Prabhu said the new venture would transform the Indian Railways and make it a truly modern entity.

Addressing the media after paying homage to the great martyrs Shaheed-e-Azam Bhagat Singh, Rajguru and Sukhdev at the ancestral village of Shaheed Bhagat Singh, the Railways minister said the initiative would result in connecting missing rail links in the state besides modernising important stations with modernising of the Amritsar station being the first initiative under this partnership. More info

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