Leading railway PSU, RITES Ltd has emerged as a key contender among other Indian railway companies eyeing development along the strategic India-Middle East-Europe Economic Corridor (IMEC), RITES Chairman and Managing Director Rahul Mithal told The Hindu.
After RITES signed a critical memorandum of understanding (MoU) with Abu Dhabi (AD) Ports Group, which is the exclusive developer and regulator of ports and related infrastructure in Abu Dhabi, in February last month, Mr. Mithal said that RITES and AD Ports Group are now jointly targeting development opportunities along the newly planned corridor.
RITES and AD Ports are now analysing the feasibility of development along missing links across the existing rail corridor that passes through the UAE, Saudi Arabia, Jordan and Israel, Mr. Mithal further said.
