The Minister of Road Transport and Highways Mr.C.P.Joshi and his Spain counterpart Ana Pastor Julian, Minister of Public Works and Transport, signed an MoU in New Delhi. An official statement read: “The Memorandum of Understanding (MoU) is aimed at promoting efficient and environmentally sustainable transport systems and to institutionalize a technical and scientific cooperation in the fields of road infrastructure, construction and maintenance and management of roads “. On the basis of the agreement, specialists of the Highways departments and the government officials of both the countries will regularly interact and exchange information. A comprehensive action plan of the Ministry of Road Transport and Highways focuses on all the aspects of the Road Traffic Safety, through signs and signals, foot over-bridges, even IT based safety solutions. The development of the road sector alone is likely to need and attract an investment of USD 70 billion in India. In fact, India had also invited Swiss companies to engage themselves in the development of the infrastructure sector which is likely to attract an investment of USD 1 trillion in next five years.
Friday, 26 October 2012
India and Spain sign an MoU for cooperation in road infrastructure
The Minister of Road Transport and Highways Mr.C.P.Joshi and his Spain counterpart Ana Pastor Julian, Minister of Public Works and Transport, signed an MoU in New Delhi. An official statement read: “The Memorandum of Understanding (MoU) is aimed at promoting efficient and environmentally sustainable transport systems and to institutionalize a technical and scientific cooperation in the fields of road infrastructure, construction and maintenance and management of roads “. On the basis of the agreement, specialists of the Highways departments and the government officials of both the countries will regularly interact and exchange information. A comprehensive action plan of the Ministry of Road Transport and Highways focuses on all the aspects of the Road Traffic Safety, through signs and signals, foot over-bridges, even IT based safety solutions. The development of the road sector alone is likely to need and attract an investment of USD 70 billion in India. In fact, India had also invited Swiss companies to engage themselves in the development of the infrastructure sector which is likely to attract an investment of USD 1 trillion in next five years.
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