Haryana inks JV for building rail infra

    Haryana Rail Infra
    The government in Haryana has become the first state to partner with Indian Railways to create railway infrastructure in the state, Railway Minister, said in the state's maiden investment summit organised in Gurgaon recently. In this connection, a Special Purpose Vehicle would be formed to tap the synergies of states for accelerating the growth of railway infrastructure.

    As a matter of fact, Indian Railways invited both, domestic and foreign investors and also those from countries like China, Japan and Korea, to build 400 railway stations in India and that the participation of private sector is imperative to achieve the targets of infrastructure development.

    In addition, the ministry is mulling engaging the private sector to build 200 freight terminals over the next few years, the details of which will be worked out shortly. The decision on integrated transport solutions would be made within the next few days. Faster movement of cargo can substantially reduce the cost of transportation, and the ministry is also mulling bringing out guidelines on cargo speed. The rail coach factory in Haryana that was announced a few years ago may now become a reality, as the ministry will expedite the approvals for the project as the state government earmarked a land parcel of 120 acres near Sonepat for the purpose, he claimed.
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