Blog Entry# 2023603
Posted: Oct 14 2016 (20:54)
Last Response: Oct 14 2016 (20:54)
Commentary/Human InterestWR/Western -Oct 11 2016 (19:55) State to form company for new rail projects
rdb*^ 126123 news posts
AHMEDABAD: The state government has given the green signal to forming a new company, named 'Gujarat Rail Infrastructure Development Ltd (GRIDE)' to develop rail infrastructure in the state.
The state government's stake will be 51% while that of Indian Railways will be 49%. This company will work on projects to improve connectivity and correct missing links in the state.
The state government will take care that it gets project permission from the authorities and also performs land acquisition. The JV company will co-ordinate with the Railway ministry through an SPV and implement works...
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