Odisha Govt to form SPV for Timely Completion of Railway Projects


Bhubaneswar, Jan 17: The Odisha government has welcomed the special purpose vehicle (SPV) proposal given by the Centre accepting it for timely completion of railway projects in the state.

The state government will work as per the proposal given by the Union Railway Minister Suresh Prabhu, said the Commerce and Transport department of Odisha.

As per the proposal, the Odisha and Centre will have joint venture project in which the state will acquire 51% share and the rest 49% will be of the Centre. The proposed SPV will be for the expansion of the railway network across the state. This will conduct surveys in the backward districts, industrial and mines areas.

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