New Delhi, India (Urban Transport News): The Ministry of Road Transport and Highways (MoRTH) today signed a Memorandum of Understanding (MoU) with the Federal Ministry of Climate Action, Environment, Energy, Mobility, Innovation and Technology of the Republic of Austria on Technology Cooperation in the Road Infrastructure Sector.
The MOU was signed by the Additional Secretary, MoRTH K.C. Gupta and the Ambassador of Austria Brigitte Öppinger-Walchshofer in New Delhi in presence of other senior officials from both countries.
According to the Ministry, the MoU aims to create an effective framework for bilateral cooperation in the field of Road Transportation, Road/Highways infrastructure development, management and administration, Road Safety, and Intelligent Transport Systems between both countries. It will further strengthen ties, promote long-standing bilateral relations and enhance trade and regional integration between the two countries.
"India has had good diplomatic relations with Austria since the establishment of bilateral ties between the two countries in 1949. Both countries share a history of friendly economic and diplomatic relations. Austria has state of the art technologies for roads and highways, such as electronic toll systems, intelligent transportation systems, traffic management systems, tunnel monitoring system, geo-mapping, and landslide protection measures," said an official release.
The Indo-Austria bilateral cooperation in the road transport sector would be beneficial both from the perspective of enhanced road safety as well as attractive financing possibilities for the sector, thus fostering and intensifying the already good relations between the two countries, through this MoU in the Transport sector.