IRSDC enters into Tripartite Agreement with France
This article was published on : June 12, 2019
In a recent development, the Indian Railway Station Development Corporation (IRSDC) has entered into a tripartite agreement with French National Railways SNCF and French Development Agency AFD. As per the agreement, the Corporation will receive funds up to 7 lakh euros to pump the capacity building for the government’s railway station development program.
The agreement was signed in the presence of Suresh Angadi, Minister of State for Railways, and Jean Baptiste Lemoyne, Minister of State for Europe and Foreign Affairs of France, Alexandre Ziegler, Ambassador of France in India and other senior officers of the French Embassy and Indian Railways.
According to a statement from Indian Railways, “Under this agreement, AFD, has agreed to provide in-kind grant financing up to 7,00,000 Euros, through SNCF-Hubs and Connexions as a Technical Partner to IRSDC to support capacity building for the Railway Station Development Program in India.” The statement further added that with this development, there will not be any financial liability on IRSDC or Indian Railways.