Sep 8, 2016

Kerala to form JV with Railways for infra projects

The Joint Venture will be under the 51:49 equity partnership arrangement between Kerala State Government and Ministry of Railways.

Thiruvananthapuram: The state government of Kerala has decided to enter into joint venture with Railways for rail projects in the state under the 51:49 equity partnership arrangements.
In this connection, the government has prepared a priority list of rail projects for consideration under the joint venture, official sources said, claiming that the state considering the introduction of suburban rail service between Thiruvananthapuram and Chengannur, construction of Angamali-Sabari railway line, Nilambur-Nanjangode line, Guruvayoor-Tirunavaya line, Kochi-Madurai line, Thalassery-Mysore line, laying of rail container track to Cochin International Airport and setting up of Palakkad Rail Coach factory.

According to Chairman, Railway Board, JV Agreement will certainly fulfill the rail transport needs of the people of the state and the railway is keen to extend network across states where demand is more and rail density is less. The joint venture will help railway to overcome financing hurdle and in view of this, it is working in collaboration with the State Governments through JV Agreement and the move will bring fruitful results for the masses of the country.