CIDB Signs Six MOUs On Sharing Of Expertise In Infrastructure Development In India

KUALA LUMPUR, April 4 (Bernama) -- The Construction Industry Development Board Malaysia's (CIDB) wholly-owned unit, CIDB Holdings Sdn Bhd (CIDBH) has signed six memorandums of understanding (MOUs) with Indian industry partners Tuesday on sharing of expertise in infrastructure development in India. In a statement Tuesday, CIDB said, the deals involved railway, expressway, housing, water technology sectors and other infrastructure projects. "The first MOU was signed with Ircon International Ltd. It aims to promote and facilitate the formation of joint-venture companies on railway infrastructure projects and redevelopment of railway stations," it said. It said two MOUs were signed with the National Buildings Construction Corp Ltd and MEP Infrastructure Developers Ltd, respectively, on highway and expressways development projects in India. Another deal was inked with Jaiprakash Associates Ltd on the development of large infrastructure projects such as highways, expressways, dams, tunnels, urban transport and smart cities, it said. CIDB said CIDBH also partnered with NSL Infratech Pvt Ltd on housing projects in India. "An MOU was also inked with VA Tech Wabag Ltd on the collaboration of joint projects on reseach and development, as well as innovation in sustainable water and wastewater's management and technologies," it said. Prime Minister Najib Razak, who is on six-day official visit to India from March 30, 2017, witnessed the signing ceremony. -- BERNAMA