Japan To Help Modernize Indian Railways: To Invest $140 billion
Japan has agreed to invest $140 billion over the next five years to modernize railway stations across the country.
Under this railway station development plan, Indian Railways has identified 400 railway stations across India which will be upgraded with the help of Japan investment. They have also agreed to provide their expertise in solving problems of sanitation including the development of waterless, odourless toilets in trains and at stations.
A Japanese delegation will soon be visiting India to study the opportunities for industries in the railway station development plan of railways.
Railway minister Suresh Prabhu, is in visit to Japan to strengthen cooperation in rail sector, held a series of meetings with Japanese Prime Minister Shinzo Abe, deputy Prime Minister and finance minister Taro Aso among other ministers and senior officials.
Japan has agreed to assist the public transporter in achieving its zero-accident mission.
Railways research wing – Research Designs & Standards Organization (RDSO), will sign an MoU with Railway Technical Research Institute of Japan to carry out research work on acquiring modern technology for the public transporter, as per the finalization of the action plan as reported by Times Of India.