Tag Archives: Special Purpose Vehicle

The Indian Railways has established a Special Purpose Vehicle (SPV) to modernise the railway stations in the country, and to maximise their potential as revenue generators. Two subsidiaries of the Railways, Ircon International Limited and Rail Land Development Authority, recently signed an MoU to form the SPV called Railway Stations Development Corporation. The corporation will explore using Railways’ land and ...

Janmarg, a project of Ahmedabad Municipal Corporation under JnNURM, is planned as an evolving system. A one of its kind project, it is sensitive to the needs of the people its vehicles carry.