RAILWAY SAMACHAR

MRVC has got ‘Excellent’ MOU rating during the year 2008-09 for the first time.

Signing of Memorandum of Understanding

between Mumbai Railway Vikas

Corporation Ltd and Ministry of Railways

A Memorandum of Understanding (MOU) between Mumbai Railway Vikas Corporation Ltd (MRVC) and Ministry of Railways has been signed on 30.03.2010. The MOU specifies the performance criteria and details of works alongwith expenditure to be incurred during the next year are finalized for MRVC during the year 2010-11. The MOU was signed between Dr. P. C. Sehgal, Managing Director, MRVC and Shri Shivaji Rakshit, Secretary in the Ministry of Railways.

The MOU has been framed as per the guidelines issued by Dept. of Public Enterprises in the Ministry of Heavy Industries and Public Enterprises. Meetings were held with the Task Force nominated by DPE consisting of eminent personalities in the ranks of Secretary to Govt. of India of different ministries. As per the MOU, MRVC has to spend an amount of Rs. 730 crore on various projects for getting ‘Excellent’ rating during the year 2010-11. The major expenditure will be incurred on procurement of balance 24 twelve-car EMU rakes under MUTP Phase I, DC-AC Conversion works on Central Railway, completion of Virar Car Shed, stabling lines and additional maintenance facilities for EMU rakes, additional lines between CSTM-Kurla and Thane-Diva on Central Railway, extension of Harbour Line from Andheri to Goregaon and 6^th Line between Mumbai Central-Borivali financial year 2009-10, MRVC has spent more than Rs. 900 crore on various works under MUTP Phase I and Phase II.