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RITES, NRZ ink MoU on technical cooperation

29 Mar 2022 Evaluate

RITES has signed a memorandum of understanding (MoU) with the National Railways of Zimbabwe (NRZ) on technical cooperation for transport and related infrastructure projects (from concept to commissioning).

The MoU aims to enable technical support in the fields of rail transportation, railway infrastructure development, including export/leasing of rolling stock, modernisation of workshops, track works, upgrade of signalling and telecommunication systems, operations & maintenance of rolling stock and training of railway personnel. Besides, the partnership intends to explore opportunities in metro rail systems and consultancy for buildings and airports.

As part of the MoU, RITES will provide technical expertise in design, engineering, and training while NRZ will be responsible for generating business leads in Zimbabwe. The collaboration will not only create a platform to enable exploration of business avenues in Africa, but also facilitate knowledge sharing to promote efficient, safe, and sustainable infrastructure.

RITES is a Miniratna (Category - I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach.

Rites Share Price

218.75 -0.70 (-0.32%)
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