French – Indian railways partnership to develop Indian railways
NEW DELHI: India and France have signed an agreement under which the French railways will help develop the Indian railway stations and became a technical partners
The Indian Railway Station Development Corp (IRSDC) entered into a tripartite agreement with the French railways on Monday, it was announced on Tuesday.
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Under this agreement, the French development agency AFD will grant a subsidy in kind of up to € 7,000,000 through the National and Central Railways of France as a technical partner of the IRSDC to support the railway.
Under this agreement, the French development agency AFD will grant a grant in kind of up to € 7,000,000 through the French National Railways-Hubs and Connexions as technical partner of the IRSDC to support the development program of railway stations in India, according to a press release.
“This will not impose any financial responsibility on the IRSDC or on the railways of India,” he said.
The Minister of State for Railways, Suresh Angadi, and the French Minister of State for Europe and Foreign Affairs, Jean Baptiste Lemoyne, were present when the agreement was signed.
Angadi said that both countries (French -Indian railways partnership) have a solid and lasting association in the railway sector and highlighted the association of the French Railways with the Indian Railways in the realization of a study to update the speed in the Delhi-Chandigarh sector and the development of the stations. Ludhiana and Ambala.
“I am confident that this effort will go a long way in further strengthening Indo-French cooperation and will help Indian Railways position its stations to world-class standards,” said Angadi.