Indian Railway Station Development Corporation signs agreement with French National Railways and AFD

The Indian Railway Station Development Corporation (IRSDC) has entered into a tripartite agreement with French Railways (SNCF) and AFD, a French agency. 
Under this agreement signed on Monday, AFD 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 IRSDC to support the railway station development programme in India. 
This will impose no financial liability on IRSDC or Indian Railways, an official press release said.
Minister of State for Railways Suresh Angadi, Jean Baptiste Lemoyne, Minister of State, Ministry of Europe and Foreign Affairs, France, Alexandre Ziegler, Ambassador of France in India and senior officers were present on the occasion.
“India and France have a strong and long standing prosperous partnership in the Railways sector. French Railways in the past has been associated with Indian Railways in conducting speed upgradation study for Delhi-Chandigarh section and station development of Ludhiana and Ambala stations,” Angadi said.
“I am sure that this effort will go a long way in further strengthening Indo-French cooperation and will help Indian Railways in positioning its stations to world-class standards,” he added.

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