Madhya Pradesh government will form a joint venture company (JVC) with the Ministry of Railways to expand railway network in the state.
“The state cabinet, chaired by Chief Minister Shivraj Singh Chouhan, recently gave nod to the proposal of forming a JVC with the ministry of railways for expansion of railway network in the state,” said, Jayant Malaiya, MP Finance Minister.
The state government will have 51% share and the Railways remaining. The minister further said this JVC would only be limited to implementation of rail network projects.
“This JVC would only be limited to the implementation of track expansion. The trains would be run by the railways,” he said.
According to this proposal, the state’s transport department is authorised to formalise the constitution of this JVC. Subsequently, this JVC would look into the work of surveys, preparations of detail project reports, financial management and other.