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RITES & IRFC signs MoU to collaborate & Develop Rail Infrastructure Projects

Published on July 31, 2023
Current Context: MoU signed by RITES and IRFC to collaborate and develop rail infrastructure projects in India.RITES Ltd is India’s leading transport infrastructure consultancy and engineering firm, with an experience of 49 years and projects in over 55 countries.
RITES & IRFC signs MoU to collaborate & Develop Rail Infrastructure Projects
  • IRFC is the dedicated funding arm of the Indian Railways, with a cumulative funding of over Rs 5.5 trillion for various railway infrastructure projects.
  • The MoU was signed on July 27, 2023 at Gurugram, with the objective of strengthening cooperation in financing and development of railway infrastructure projects that have backward and forward linkages with the Indian Railways.
  • RITES will offer consultancy and advisory services and assist in ascertaining the financial and technical viability of projects, while IRFC will provide financial assistance to the projects/institutions.
  • The strategic partnership, through knowledge sharing, will bring synergy and innovation in the consultancy domain and stimulate mega and critical projects that will drive sustainable growth in the transport infrastructure sector.

Question:

Q.1 When and where was the MoU signed by RITES and IRFC? 
a. On July 27, 2023 at Gurugram 
b. On July 27, 2023 at New Delhi 
c. On July 17, 2023 at Gurugram 
d. On July 17, 2023 at New Delhi
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