India may sign MoU with China for rail projects

While China has promised investments worth USD50B for the modernisation and technological upgrade of the Indian Railways, final touches are being given to a draft MoU between the countries that envisages Chinese participation in projects including India’s plans to develop international class railway stations.
The MoU will provide for a structured arrangement between the two countries for cooperation in critical areas — including training in heavy haul operations and plans to run semi high speed trains, sources said.
The proposed agreement — being regarded as the high point of Chinese premier Xi Jinping’s visit — is also likely to contain a proposal to set up a world-class rail university in India on the patterns of such universities in China.
Source: www.hindustantimes.com


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