Japan has agreed to modernise 400 railway stations across the country while participating in Indian Railways ‘ $140 billion investment over the next five years.
A Japanese delegation will soon visit India to study the opportunities for industries in the railway station development plan of railways as the public transporter has identified 400 stations to be upgraded in private investment, an official release said in New Delhi on Wednesday.
Railways research wing – Research Designs & Standards Organisation (RDSO), will sign an MoU with Railway Technical Research Institute of Japan to carry out research work on acquiring modern technology for the public transporter, as per the finalisation of the action plan.
Prabhu also held meetings with heads of leading financial institutions and highlighted the investment prospects in railways in the coming years. Railways has chalked out a plan to investment $140 billion in infrastructure upgrade in the next five years, the release said.
Japan will also provide its expertise and technology in solving problems of sanitation including the development of waterless, odourless toilets in trains and at stations, it added.
Besides, the country has also agreed to assist Indian Railways in development of a legal and regulatory framework on high speed railway here, the official statement said.
Source : www.businesstoday.in