JICA –Railways inks high-speed rail line pact

Fast-tracking the much hyped high-speed rail line project, Japanese funding agency JICA has recently inked a tripartite consultancy pact with Railway ministry and National High-Speed Rail Corporation Ltd. (NHSRC) for the high-speed railway project between Mumbai and Ahmedabad. JICA promotes smooth implementation of the Mumbai- Ahmedabad High-speed Railway Project by signing the Memorandum for General Consultancy, the funding agency said in a statement. NHSRC, a new agency in charge of the implementation of the project is a joint-venture between Japan International Consultants for Transportation Co (JIC), Nippon Koei Co and Oriental Consultants Global Co. Ltd. The joint-venture is tasked to implement the General Consultancy of the project. The signing of the pact confirms methodology of the GC work by the three parties under the agreement, said sources.