Jharkhand forms joint venture with Indian Railways

The Jharkhand government has given its approval for the formation of a 50:50 joint venture between the state and the Indian Railways for taking up key rail infrastructure projects and providing connectivity to remote parts of the state. A decision to this effect was taken after a special committee, spearheaded by development commissioner KK Khandelwal, gave its clearance. This move will play a key role in the socio-economic development of the state. The committee in its report has suggested key points for connecting districts like Khunti and Simdega with the rail network. The Jharkhand Railway Infrastructure Development Corporation Limited, a joint venture of the state and the railways, will be significant in identifying, planning and monitoring the critical rail projects. Currently, construction work is underway for several railway projects in the state involving an investment of over ₹25,000 crore.