Railways will work out similar partnerships with all stakeholders and set up Joint Ventures to bring out synergy of operations : Suresh Prabhakar Prabhu
New Delhi, A Memorandum of Understanding (“MOU”) has been signed among Ministry of Railways (MoR), Ministry of Coal (MoC) and Government of Odisha (GoO) for development of rail infrastructure for evacuation of coal through formation of a Joint Venture (JV) to undertake project development, financing and implementation of identified projects here today.. MoR, MoC and GoO will participate in the equity on its own or through its Public Sector Undertakings (PSUs) as nominated. The Signatories to the MoU were Dr. A.K. Dubey, Additional Secretary Ministry of Coal , Dr. Sunil Kumar Bhargava, Chief Resident Commissioner, Government of Odisha and Sh. Girish Pillai Advisor (Infrastructure) Railway Board .The MoU was signed in the presence of the Minister of Railways Shri Suresh Prabhakar Prabhu and the Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy Shri Piyush Goyal, Minister of State for Railways Shri Manoj Sinha and Minister of State Transport (Independent Charge) for Commerce and, Govt. of Odisha, Shri Ramesh Chandra Majhi also present on the occasion . Among other were Railway Board Members, Senior officials from Ministries of Railways, Coal and Odisha State Government. In his address , Minister of Railways Shri Suresh Prabhu said that coal freight is the most important component of revenue generation of the Railways. Coal is poor man fuel and it is utmost important for us to increase coal production in the country. Railways has responsibility to help increasing coal production. Shri Prabhu said that in the days to come, the Railways Ministry will work out similar partnerships with all stakeholders and set up Joint Ventures to bring out synergy of operations. While complimenting the officers of Ministries of Railways , Coal & Odisha Government for taking such revolutionary step , Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy Shri Piyush Goyal said that this is win-win partnership for all stakeholders. Shri Goyal further said “ Launching of Joint Venture is a historic moment towards our efforts to reach 24x7 power to every home , for the expeditious industrial growth in the country , for economic development in double digit and to bring about change in the way government departments work and to expand opportunities for progress in the Eastern Region”. Speaking on the occasion, Minister of State for Railways Shri Manoj Sinha said that signing of MoU is a landmark step being taken after success of similar two projects in Chhattisgarh. Shri Sinha said that this is a step in the direction of implementing the proposal of Railway Budget. Minister of State Transport (Independent Charge) for Commerce and, Govt. of Odisha Shri Ramesh Chandra Majhi also spoke on the occasion and said that State Government will ensure sustainable developments of all projects being implemented the State.