< IRSDC enters into tripartite Agreement with French Railways | Current Affairs, Current Affairs 2019

IRSDC enters into tripartite Agreement with French Railways

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India and France have signed an agreement under which the French Railways will help develop Indian railway stations.

The Indian Railway Station Development Corporation (IRSDC) entered an Tripartite Agreement with French Railways (SNCF) & AFD, a French Agency in order to support Railway Station Development Program in India, on 10th June, 2019.

Under the Tripartite Agreement agreement, AFD a French agency, has agreed to provide in-kind grant financing up to 7,00,000 EURO, through French National Railways (SNCF)-Hubs and Connexions as a Technical Partner to Indian Railway Station Development Corporation (IRSDC) to support the Railway Station Development Program in India.

The technical know-how will be provided by French National Railways (SNCF)-Hubs and Connexions as a Technical Partner to IRSDC , therefore, this will not impose any financial liability on IRSDC or Indian Railways.

The Tripartite Agreement recently signed by India and France will help in positioning its stations in accordance to world class standards and also furthur help in strengthening cooperation between both the countries.

India and France have a strong, prosperous and long-standing partnership in Railway sector. The past association between French National Railways(SNCF) with Indian Railways includes conducting station development of Ludhiana and Ambala Railway stations and undertaking speed upgradation study to enable 200 kmph speed run on 245 km long Delhi-Chandigarh corridor, one of busiest routes in northern India.

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