Ircon and Malaysian company tie up for monorail projects
30 Jun 2005
New Delhi: Ircon International, the construction arm of Indian Railways, has joined hands with a Malaysian company, M-Trans Holdings, to work together for planning and constructing monorail projects in various cities of India.
The tie-up
has been named as the IRCON-M-Trans Joint Venture.
M-Trans Holdings has commissioned the working monorail project of Malaysia in Kuala Lumpur. It recently bagged a monorail contract worth $1.2 billion in South Korea.