Financial Daily from THE HINDU group of publications
Friday, Aug 05, 2005
Financial Daily from THE HINDU group of publications Friday, Aug 05, 2005 |
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Railways Ircon, Malaysian co sign pact for Delhi monorail study Our Bureau
New Delhi , Aug. 4 THE State-run Ircon International Ltd has signed an agreement with a Malaysian firm to conduct a feasibility study for building a monorail network in the national capital, as a feeder service to Delhi Metro rail network. Ircon has signed a memorandum of agreement with Monorail Malaysia Technology Sdn Bhd (MMT), at Ministry of Transport, Kuala Lumpur, according to a statement issued by Ircon. MMT is currently operating Monorail Kuala Lumpur, commissioned in August 2003. The Indian PSU has completed ten major railway projects in Malaysia, covering 360 km of track rehabilitation and construction of 285 km of new railway line, the statement said. Ircon has also commissioned a new railway line to Port Tanjung Pelepas, in Southern Malaysia in 2002 and is actively pursuing future Railway projects in the region, it added. Ircon, a PSU under the railways, is a construction company and has undertaken infrastructure projects in transport sector in various countries.
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