MoR forms three JVs with Karnataka government

The Ministry of Railways (MoR) will form three JVs with the Karnataka government in order to build infrastructure projects in the state. The JVs are expected to be incorporated by July 2016. The first JV will be formed to execute rail projects such as doubling tracks, extending present rail lines and conducting surveys for new lines across the state. The equity of the JV will be from internal resources of the MoR and the Karnataka government. The other two JVs will be incorporated to operate a suburban train service in Bengaluru and to redevelop a station in Bengaluru into a model station under the PPP mode.

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