RailTel to receive funding worth Rs 300 billion for telecom and signalling projects

In a bid to strengthen India’s railway communication and information technology infrastructure, REC Limited will provide Rs 300 billion funding to RailTel Corporation of India. The memorandum of understanding, signed on November 9, 2023, will provide support to various projects over the next five years, including telecom, IT services, and railway signaling systems, and the KAVACH train collision prevention system. It also includes the possibility of financing overseas ventures related to high-speed rail, metro, IT network, and the upgradation of railway network, as part of bilateral country discussions and infrastructure projects in Southeast Asia and Eastern Africa.