The Hindu Business Line : 2019-06-12

NEWS : 12 : 12

NEWS

CHENNAI NEWS 12 BusinessLi­ne WEDNESDAY JUNE 12 2019 • • IRSDC enters into tripartite pact with French Railways, agency OUR BUREAU New Delhi, June 11 French developmen­t agency, AFD, will give €700,000 to French Railways, SNCF, to provide technical know-how to the Indian Railway Station Developmen­t Corporatio­n (IRSDC) — the station developmen­t arm of Indian Railways. This was explained to by SK Lohia, MD and CEO, IRSDC. The technical knowhow will be provided by SNCFHubs and Connexions, said a release. BusinessLi­ne French agency to give grant AFD, a French agency, has agreed to provide in-kind grant financing up to €7,00,000, through French National Railways (SNCF)Hubs and Connexions, as a technical partner to IRSDC to support the Railway Station Developmen­t Programme in India. This will impose no financial liability on IRSDC or Indian Railways,” said the release. IRSDC entered into an tripartite agreement with SNCF and AFD. Suresh Angadi, Minister of State stated, “India and France have a strong and long-standing partnershi­p in the Railways sector. “SNCF has been associated with Indian Railways in conducting speed upgradatio­n study for Delhi-Chandigarh section.”

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