IRFC and RITES sign MoU for Railway Infrastructure Projects
New Delhi: Indian Railway Finance Corporation Ltd. (IRFC), a Schedule ‘A’/Miniratna Public Sector Enterprise under the Ministry of Railways (MoR), has signed a Memorandum of Understanding (MoU) with RITES Ltd.
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The MoU aims for identifying mutual areas of collaboration for expanding IRFC’s role in providing financial assistance to projects/institutions that have got backwards and or forward linkages with Railways and by RITES providing assistance to IRFC in ascertaining the financial & technical viability of projects, providing advisory & consultancy services.
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Partnering with a premium and established consultancy institution like RITES will enhance IRFC's appraisal and marketing capabilities in exploring funding opportunities in various sectors supporting Railway infrastructure.”
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