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IRSDC signed a Tripartite Agreement with SNCF and AFD

Last Updated: June 13, 2019

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IRSDC signed a Tripartite Agreement with SNCF and AFD

IRSDC signed a Tripartite Agreement with SNCF and AFD

13 June 2019 Current Affairs: French development agency, AFD gave €700,000 to French Railways, SNCF to provide technical know-how to the Indian Railway Station Development.
This agency to provide finance up to €7,00,000, through French National Railways (SNCF)-Hubs and Connexions to support the Railway Station Development Programme in India. IRSDC entered into a tripartite agreement with SNCF and AFD.
The agreement provides in-kind grant financing up to EUR 7,00,000, through SNCF-hubs and connexions 
It is a technical partner to IRSDC to support the Railway Station Development Program in India. There will be no financial liability on IRSDC or Indian Railways.
The agreement signed in the presence of Angadi, Jean Baptiste Lemoyne, Minister of State, Ministry of Europe and Foreign Affairs, Government of France, Alexandre Ziegler, Ambassador of France in India and senior officers.

About Indian Railway Stations Development Corporation (IRSDC)
Indian Railway Stations Development Corporation (IRSDC) is a special purpose vehicle (SPV) of the Government of India that has been designed to develop new stations and redevelop existing Indian railway stations.
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