Mumbai Railway Vikas Corporation (MRVC)
To enable the Mumbai Suburban Railway to meet the demands of the ever-growing passenger traffic, the federal Government of India's Ministry of Railways and the state Government of Maharashtra have jointly envisioned the constitution of a separate corporate entity to operate the system.
The Mumbai Railway Vikas Corporation Ltd (MRVC), a public sector unit of the Government of India under the Ministry of Railways, was incorporated under the (Indian) Companies Act, 1956 on July 12, 1999, with an equity capital of 25 crore (US$4.6 million) to implement the rail component of an integrated rail-cum-road urban transport project, called Mumbai Urban Transport Project (MUTP). The cost of the rail component of the project is to be shared equally by Ministry of Railways and Government of Maharashtra.
Read more about this topic: Mumbai Suburban Railway
Famous quotes containing the words railway and/or corporation:
“Her personality had an architectonic quality; I think of her when I see some of the great London railway termini, especially St. Pancras, with its soot and turrets, and she overshadowed her own daughters, whom she did not understand—my mother, who liked things to be nice; my dotty aunt. But my mother had not the strength to put even some physical distance between them, let alone keep the old monster at emotional arm’s length.”
—Angela Carter (1940–1992)
“The nearest the modern general or admiral comes to a small-arms encounter of any sort is at a duck hunt in the company of corporation executives at the retreat of Continental Motors, Inc.”
—C. Wright Mills (1916–1962)