Lok Sabha Question No. 1541 (UNSTARRED), answered on 2018-12-19
Subject: Joint Ventures of Railways
Ministry: RAILWAYS
Asked by: SAUGATA ROY

## GOVERNMENT OF INDIA MINISTRY OF RAILWAYS

## LOK SABHA UNSTARRED QUESTION NO.1541 TO BE ANSWERED ON 19.12.2018

## JOINT VENTURES OF RAILWAYS

## 1541.     PROF. SAUGATA ROY:

Will the Minister of RAILWAYS be pleased to state:

- (a) the details of joint ventures/companies formed for construction/development of new railway lines with the various State Governments;
- (b) whether  the  concerned  State  Governments  have  deposited their share in this regard;
- (c) if so, the details thereof;
- (d) whether the Government has a new policy which provides that the  State  Governments'  involvement  is  mandatory  for  new projects; and
- (e) if so, the details thereof?

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF RAILWAYS

(SHRI RAJEN GOHAIN)

(a) to (e):   A Statement is laid on the Table of the House.

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STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (e) OF UNSTARRED QUESTION  NO.  1541  BY  PROF.  SAUGATA  ROY  TO  BE  ANSWERED  IN  LOK SABHA ON 19.12.2018 REGARDING JOINT VENTURES OF RAILWAYS

(a)  to  (c):  Joint  Venture(JV)  Companies  have  been  formed  with  Eight  State Governments  with  an  Authorized  Capital  of ` 100  crore  each.  The  paid  up capital  has  been  decided  by  each  company  separately.  Details  of  paid  up capital/share application money by the concerned State Government in each of the company are as under:-

Amount

| SN   | State        | Name of JV Company                                                    | Contribution deposited by State Government for equity shares in JVC   | Contribution deposited by State Government for equity shares in JVC   |
|------|--------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------|
|      |              |                                                                       | Percentage Equity                                                     | Amount ( ` )                                                          |
| 1    | Chhattisgarh | Chhattisgarh Railway Corporation Ltd. (CRCL)                          | 51%                                                                   | 25.5 Cr.                                                              |
| 2    | Gujarat      | Gujarat Rail Infrastructure Development Corporation Ltd. (G-RIDE)     | 51%                                                                   | 18.005 Cr.                                                            |
| 3    | Haryana      | Haryana Rail Infrastructure Development Corporation Ltd. (HRIDC)      | 51%                                                                   | 10.2 Cr.                                                              |
| 4    | Jharkhand    | Jharkhand Rail Infrastructure Development Corporation Ltd. (JRIDCL)   | 51%                                                                   | 1 Cr.                                                                 |
| 5    | Kerala       | Kerala Rail Development Corporation Ltd. (KRDCL)                      | 51%                                                                   | 51 Cr.                                                                |
| 6    | Karnataka    | Rail Infrastructure Development Company (Karnataka) Ltd. (K-RIDE)     | 51%                                                                   | 2.49993 Cr.                                                           |
| 7    | Maharashtra  | Maharashtra Rail Infrastructure Development Corporation Ltd. (MRIDCL) | 50%                                                                   | 40 Cr.                                                                |
| 8    | Odisha       | Odisha Rail Infrastructure Development Ltd. (ORIDL)                   | 51%                                                                   | 26.01 Cr.                                                             |

(d)  and  (e)  :  In  view  of  the  essential  requirement  of  number  of  new  rail infrastructure projects in various States to serve their core sector industries, ports, mines, industrial corridors etc., which cannot be taken up by  Ministry  of  Railways  at  present  at  desired  pace,    State  specific  'Joint Venture (JVs) Companies between the Ministry of Railways and willing State Governments  have  been  incorporated  to  undertake  project  development, resource mobilization and monitoring of mutually identified rail infrastructure projects.

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