New Delhi, Oct 5: Indian Railways on Friday entered into Memorandum of Cooperation (MoC) and Memorandum of Understanding (MoU) with Government of Russian Federation.
A Memorandum of Cooperation was signed between the Ministry of Railways of the Republic of India and the Joint Stock Company ‘Russian Railways’ on the sidelines of India-Russia Summit.
The MoC intends to carry forward the activities taken up under the Memorandum of Understanding signed between the two countries on December 24, 2015.
The Memorandum of Cooperation includes implementation of speed upgradation project of Nagpur-Secunderabad section ; setting up of single traffic control centre for managing mixed traffic at local level; best practices in freight cargo operation ; development of multimodal terminals and exchange of best technologies being practised by the two countries and Training and advanced qualification improvement of Indian railway employees with the involvement of Russian railway-related higher education establishments.
The cooperation agreement was signed by Chairman, Railway Board, Ashwani Lohani from Indian side and Oleg Belozerov, CEO and Chairman of Russian Railways. (UNI)