A Memorandum of Understanding (MoU) was signed here today at the Rail Bhawan, between the Railway Ministry and Czech Railways, of the Czech Republic and Association of Czech Railway Industry (ACRI) on technical cooperation in the field of railway sector.
The MoU was signed by Arunendra Kumar, Chairman/Railway Board and Miloslav Stasek, Ambassador of Czech Republic.
Among the potential co-operation areas mentioned in the MoU are logistics of automotive transport; raising of speeds up to 200 kilometres per hour; station development and modernisation of signalling.
The MoU is valid for a period of three years which can be extended further for successive periods of one year at a time.
