The Indian commuter would experience new look & feel of Indian Railway System, as Japan has agreed to modernize 400 railway stations across country, through an active participation in Indian Railway’s USD 140 billion investment, which will be spent over the transformation over next five years.
Official press release on Wednesday, reveled that soon a Japanese delegation will visit India, for exploring the opportunities in the railway industry as a public transport, which has identified 400 stations that would be upgraded through private investment.
Railway Minister Suresh Prabhu, who is on two-nation visit of Japan and Korea since 7th September, in which has spoke with Japan over strengthening its cooperation on railway sector, in a series of meetings held with Japanese Prime Minister Shinzo Abe and other ministers. These meetings stressed that the public transporter would be the next major destination for infrastructure investment worth $140 billion.
A number of Japanese companies along with Japanese railways will participate in various aspects of Indian Railway, with a sole aim of modernization and technology upgrade. Japan has also agreed to provide his assistants in attaining Zero-accident mission.
A MoU (Memorandum of Understanding) will be signed between Research Designs & Standards Organization (RDSO) and Railway Technical Research Institute of Japan, to carry out research and procure modern technology for the Indian railways, based on the accomplishment of action plan.
The agreed partner would also endow with its expertise in solving problems of sanitation, which includes development of waterless, odor free toilets in trains as well as at stations. In addition to this they have also agreed for the development of legal & regulatory framework, so that high speed trains can be facilitated in India.