India and Belgium sign Railways MOU
The Deputy Prime Minister and Minister for Foreign Affairs, Didier Reynders, and the Minister of Railways for India, Mukul Roy, have signed a Memorandum of Understanding (MOU) to develop the railways in both countries.
The MOU will allow for the setting up of joint programmes on research and training as well as the establishment of working groups to help develop Indian railway stations. Belgian state owned companies EuroStation and Immostar are expected to play a major role in the development process. Both companies have a lot of experience in restoring historic stations whilst maintaining their cultural heritage as well as developing the land around the stations.
Indian Railways has identified around 50 stations ready for development including New Delhi, Mumbai, Patna and Chennai. There is also some 30,000 hectares of land around these stations which could be used for re-development.