Haryana Government has decided to enter into a partnership with Indian Railways for speedy implementation of at least eight rail projects which had failed to take off.
For the purpose, the two stakeholders would be forming a Special Purpose Vehicle for raising of funds and a MoU to this effect would be signed soon.
A Haryana Government spokesperson said the rail projects which would be taken up for speedy implementation as part of MoU included Karnal-Yamuna Nagar Railway line, Fatehabad-Mansa-Bhatinda Railway line, Jakhal-Ratia-Fatehabad Railway line, Bhiwani-Loharu-Pilani-Churu Railway line, Rewari-Palwal via Bhiwari Railway line, Yamuna Nagar-Chandigarh Railway, Delhi-Sohna-Nuh-Ferozpur-Jhirka-Alwar Railway line and Hisar-Sirsa via Agroha Fatehabad Railway line.
The proposed joint venture company will be called ‘Rail Infrastructure Development Company (Haryana) Limited’ and given the short title of ‘H-RIDE’. The main objectives of H-RIDE will be to expedite project development and implementation by resorting to resource mobilisation, securing traffic guarantees and involvement of strategic partners in project funding and implementation. The new company will also initiate mobilisation of revenues from the State Government by other non rail operation sources.
