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France to grant 7 Lakh Euros for IRSDC’s railway station development
12 Jun 2019
France will be granting India assistance of up to 7 lakh Euros to support capacity building for the railway station development programme in India.
For the same, the Indian Railway Station Development Corporation (IRSDC) has entered into a tripartite agreement with French National Railways SNCF and French Development Agency AFD. The agreement has been 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.
"Under this agreement, AFD has agreed to provide in-kind grant financing up to 700,000 Euros through SNCF-Hubs and Connexions as a Technical Partner to IRSDC to support capacity building for the Railway Station Development Program in India," said a statement released by the Indian Railways. As per the statement, this will impose no financial liability on IRSDC or Indian Railways.