MOU with Chattisgarh govt. for Railway Development

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Revamp the Railways www.ambitionias.com
  • Indian Railways signed a Memorandum of Understanding (MoU) with Chhattisgarh Government to establish a joint venture for laying tracks and expedite implementation of railway projects.
  • Under the MoU, the state government will hold 51 per cent stake and the Indian Railways the balance.
  • The joint venture will focus on project development and implementation, resource mobilisation, land acquisition and monitor the progress of critical rail projects in the state.
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