Monday, February 6, 2023

Railways to form JV company with Jharkhand in a month: Suresh Prabhu


Ranchi, June 7: Railway Minister Suresh Prabhu today said his ministry is focusing on to complete all the pending projects within time.

For the same railways will set up separate joint venture companies with at least 20 states for completion of projects in a timebound manner and to give the latter more say in the developmental activities.

The ministry will form joint venture Company with Jharkhand within a month, Prabhu added. According
to the Minister, the railways will collaborate with Jharkhand for the development of infrastructure here.

In order to fuel the growth story in the eastern parts of the country, the need of the hour was to improve the
means of connectivity which include improving the rail, road, sea and waterway network.

The railways, he said, will make essential contribution in this effort. Plans are also afoot for the railways to increase its freight capacity from one billion tonne to one-and-ahalf billion tonne.

“Joint Venture (JV) com- panies will be formed with around 20 states and will be between the Railways and
the state concerned having separate nodal officers from the two sides,” Prabhu told the media persons on

“We have signed MoUs (memorandum of understanding) with 20 States. Under the agreement, a company jointly owned by the Centre and States will be formed.

It will develop infrastructure and look into issues that the States deem to be important,” he said The criteria of the company, he said, would be completion of project in a time-bound manner.

“This will help states have more say in the rail development,” he said later at a function where he also said that a joint venture company with Jharkhand could be formed “in about a month”.

Stressing on transparent functioning of the railway department, Prabhu said etendering has begun and added that the tender process would not come to his table.

Besides e-monitoring to oversee projects, he said the Railways has also started ecatering, giving passengers
their choice of food.

Stating that emphasis was also being given on safety and punctuality of trains, the minister said three to five years were required for completion of any project.

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