India to hand over 18th locomotive

India will hand over the last of 18 locomotives procured under an Indian line of credit in Nay Pyi Taw today, according to the Indian embassy in Yangon.

Mr Rajen Gohain, the visiting Indian minister of State Railways, will give the locomotives to U Thant Sin Maung, minister of Transport and Communications of Myanmar, at a ceremony which India said was an important landmark in cooperation between the two countries.

“India and Myanmar have long enjoyed close cooperation in the railways sector,” said a statement from the Indian embassy released on Sunday.

Over the last two decades, a large quantity of railways rolling stock consisting of 78 locomotives, 56 coaches and 250 wagons, besides assorted equipment and machinery, has been supplied by Indian entities to Myanma Railways, it added.

These supplies have also been backed up by close maintenance and rigorous training support to help build capacity and develop skills, it further stated.

Most of these supplies and rehabilitation of the Myanmar railways infrastructure have been carried out under an Indian loan of more than US$200 million.

From the Indian side, RITES Ltd., a government enterprise, has been a principal partner of Myanma Railways and is involved in the supply of the 18 microprocessor controlled locomotives, which have been manufactured at DLW in Varanasi, India, it added.

The hand-over ceremony will be another significant milestone in the journey of India-Myanmar railways sector cooperation and enable both sides to look forward confidently to a future of ever-closer engagement on other ambitious projects.

Source: Myanmar Times

To see the original article click link here

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar