Jharkhand, Railways ministry forms JV to develop rail infra

Jharkhand government today joined hands with Railway Ministry for developing rail infrastructure in the state.

The Ministry of Railway signed an agreement to form a joint venture company with Jharkhand government for the purpose, an official statement said.

Jharkhand government has identified three projects to be taken up by the J-V which include Namkum-Kandra, Giridih- Parasnath-Madhuban, Tori-Chatra covering a length of 222 km at a cost of Rs 2,150 crore, it said.

Jharkhand has become the ninth state after Kerala, Andhra Pradesh, Karnataka, Maharashtra, Odisha, Haryana, Chhattisgarh and Gujarat for the J-V, in which the state government will have 51 per cent equity.