Staff Reporter
NEW DELHI: The Delhi Government has signed a joint venture agreement with the Infrastructure Development Finance Company (IDFC) with 50 per cent equity participation for the Delhi Integrated Multi Modal Transit System Limited (DIMTS). The IDFC is engaged in the development of a commuter-friendly transport infrastructure in Delhi comprising the much talked about High Capacity Bus System, Monorail and Light Rail Transport systems among others.
An official release issued by the Delhi Government said S.N. Sahai, an IAS officer, has been appointed Managing Director of this joint venture company.
Mr. Sahai has held several important positions as CMD of Delhi Transport Corporation, Transport Commissioner of Delhi and Secretary to the Lieutenant-Governor in the past.
