India wants to cooperate with France infrastructure modernisation

14/03/2012

Indian Railways is negotiating with French company SNCF  to use French technology for modernising the railway infrastructure. The company plans to invest INR 13 Thousand Billion (EUR 214 Billion) over the next 10 years in the modernisation of the infrastructure.
According to a Railway Board official, railways has already reached an agreement with this firm for development of fire simulation software for coaches, study of high-speed corridor project and redevelopment plan of Chhatrapati Shivaji Terminal in Mumbai.
In addition to modernisation plan, railways intends to carry out various railway projects with the help of SNCF, which include modernisation of stations, and PPP business model for implementing big infrastructure projects.
Source: timesofindia.indiatimes.com