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Tuesday, 11 June, 2019, 15 : 15 PM [IST]

IRSDC enters into tripartite agreement with French National Railways (SNCF) & AFD

Indian Railway Station Development Corporation (IRSDC) has entered into a tripartite agreement with French Railways (SNCF) and AFD, to provide technical assistance and grant financing for the Railway Station Development Program in India.

Speaking on this occasion, Suresh Angadi, Minister of State of Railways, Government of India, said, “India and France have a strong and long-standing prosperous partnership in the railway sector. SNCF in the past has been associated with Indian Railways in conducting speed upgradation study for Delhi-Chandigarh section and station development of Ludhiana and Ambala stations. I am sure that this effort will go a long way in further strengthening Indo-French cooperation, and will help Indian Railways in positioning its stations to world class standards.”

Under this agreement, AFD will provide in-kind grant financing up to EUR 7,00,000, through SNCF-hubs and connexions as a technical partner to IRSDC to support the Railway Station Development Program in India. This will impose no financial liability on IRSDC or Indian Railways.

The agreement was signed in the presence of Angadi, Jean Baptiste Lemoyne, Minister of State, Ministry of Europe and Foreign Affairs, Government of France, Alexandre Ziegler, Ambassador of France in India and senior officers from both sides.

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