'Agreement signed between India, China to enhance rail

Image
Press Trust of India Vadodara
Last Updated : May 17 2015 | 12:22 AM IST
Union Railway Minister Suresh Prabhu today said that during Prime Minister Narendra Modi's visit to China an agreement to enhance cooperation in the railway sector was signed between the two countries.
"Railways was one of the key sectors of Prime Minister's visit to China as it resulted in the two countries signing a major memorandum on expanding cooperation in the building of a high-speed rail corridor between Delhi and Chennai, development of two model railway stations, establishment of Railway University and training of Indian railway men by their counter parts in China," Prabhu said here.
He was in the city for an awards ceremony organised by the Federation of the Gujarat Industries (FGI).
The minister said the feasibility report on the Mumbai-Ahmedabad Bullet train project was awaited.
"The Japanese government is willing to fund the Mumbai-Ahmedabad bullet train project and that the Railway ministry is holding talks with Chief Ministers of both states to work out a feasible plan.
"We have been speaking to the CMs of both states to ensure better co-ordination in the implementation of this project. We are now awaiting the feasibility report, based on which we will take our plan to the next level. But this project has reached an advanced stage now," he said.
Indian Railways is planning to build satellite terminals near some of the busiest junctions, aiming at reducing pressure on such stations and the city traffic around it, he said.
"We are planning to develop some satellite terminals. Most of the urban areas are saturated now. It is impossible to reach to the station in busy areas. We can have satellite terminals outside busy railway stations," Prabhu added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 17 2015 | 12:22 AM IST

Next Story