New Delhi, Feb 10: Railways Tuesday joined hands with the Chhattisgarh government for laying of 762 km-long rail line in the state as part of the rail infrastructure development plan.
“There is a need for rail expansion in a big way in the country as people’s inspirations are also increasing,” Railway Minister Suresh Prabhu said after signing the MoU with Chhattisgarh government here.
The MoU envisages formation of a joint venture company with the state for execution of rail projects. The JV companies will have 51 per cent stake of the state government and 49 per cent of Railways.
Chhattisgarh Chief Minister Raman Singh along with senior state government officials was also present on the occasion.
The governments of 17 states have consented to formation of joint venture companies with Railways for rail infrastructure development.
