NEW DELHI: India has signed a preliminary agreement with Spain for enhancing cooperation in the area of road infrastructure development.
“The MoU is aimed at promoting efficient and environmentally sustainable transport systems and to institutionalise a technical and scientific cooperation in the fields of road infrastructure, construction, maintenance and management of roads,” an official statement said.
The Memorandum of Understanding (MoU) was signed during the Spanish King Juan Carlos’ visit here.
According to the agreement, government officials and specialists of the Highway Departments from both the countries will regularly exchange information, among other things.
They will also help promote and develop relations between enterprises (consultancy, engineering and road transport service provider companies) to enable transfer of technology, the statement said.
MoU was signed here between Minister of Road Transport and Highways C P Joshi, and Spain Minister of Public Works and Transport Ana Pastor Julian.
Recently, India had also invited Swiss companies to participate in the development of infrastructure sector that is projected to see investments of around USD 1 trillion over the next five years.
The development of the roads sector alone is expected to attract investments worth USD 70 billion in India.
Ministry of Road Transport and Highways is working towards putting in place a comprehensive action plan to address all aspects like Road Traffic Safety through provision of safety infrastructure, foot over-bridges, under-passes, signals and signage, IT based safety solutions and so on.