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Railways, Korea in technical co-operation tie-up

November 17: Indian Railways signed a memorandum of understanding (MoU) with Korea for technical assistance and co-operation between the railways of the two countries in various areas, an official release said.

The MoU would enable technical assistance and co-operation between railways of the two countries in areas such as high-speed rail, modernisation of rolling stock, railway operations, modernisation of signalling, construction and maintenance technologies and in development of logistics parks/terminals, the release added.

The MoU was signed in Seoul between the Ministry of Railways, Government of India, and the Ministry of Land Infrastructure and Transport (MOLIT) of the Government of the Republic of Korea (South Korea).

The MoU was signed by Arunendra Kumar, Chairman, Railway Board, from the Indian side and Yeo Hyung Koo, Vice Minister, MOLIT, from South Korea.