Railways and State Governments to jointly form Special Purpose Vehicles (SPV)

Ministry of Railways has approached all State Governments to form Special Purpose Vehicles (SPV) jointly with Ministry of Railways to undertake mutually identified rail infrastructure projects for project development, resources mobilization and monitoring to expedite the projects. . 17 State Governments have consented to form the SPVs. The possibility of participation of industry in project specific SPVs can also be considered depending on their willingness. According to Minister of State for Railways Shri Manoj Sinha, a draft Cabinet Note in this regard has been prepared and circulated to the concerned Ministries of Central Government and Joint Ventures with State Governments can be implemented after the requisite approval of the Cabinet.

Indianbureaucracy.com looks forward for good tieups which expediate projects and generate additional employment.