NEW DELHI: Ministry of Railways signed a Memorandum of Understanding (MoU) with Mumbai Railway Vikas Corporation Ltd (MRVC), a Joint venture of Ministry of Railways and the Government of Maharashtra, under the administrative control of the Ministry of Railways. MRVC is implementing Rail projects on Mumbai suburban system under Mumbai Urban Transport Projects (MUTPs).
The MoU was signed on May 22, 2018 by Railway Board Secretary, Shri Ranjanesh Sahai and Chairman and Managing Director of MRVC, Shri R S Khurana and laid down the targets for 18-19 for various important activities of suburban projects.
As per targets under MoU, MRVC shall spend Rs. 1464 crore towards completion of various suburban projects of capacity enhancement, safety up-gradation and passenger amenities. These projects under MUTP will contribute in a great way towards making the suburban commute of Mumbaikars fast, safe and comfortable.