The Turkish connection
ECONOMY & POLICY

The Turkish connection

Pradeep Gaur, Chairman and Managing Director, Rail Vikas Nigam (RVNL), has been busy. RVNL has signed an MoU with TUMAS (Turkish Engineering Consulting and Contracting Company) India to collaborate on the railways and metro infrastructure sector. The MoU aims at jointly undertaking a wide range of p...

Pradeep Gaur, Chairman and Managing Director, Rail Vikas Nigam (RVNL), has been busy. RVNL has signed an MoU with TUMAS (Turkish Engineering Consulting and Contracting Company) India to collaborate on the railways and metro infrastructure sector. The MoU aims at jointly undertaking a wide range of projects including metro, rail, high-speed rail, tunnels, bridges, highway and expressway projects on a global scale and is geared towards infrastructure and public transportation projects, specifically within India. RVNL, as the construction arm of the Ministry of Railways, was established in 2003 to execute projects on a fast-track basis. Its scope of work encompasses project execution from conception to commissioning, including the creation of project-specific SPVs. Moreover, it is tasked with mobilising extra-budgetary resources (EBRs) through a blend of equity and debts via these SPVs. TUMAS boasts a team of well-trained and skilled engineers to cater to service demands in India.

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