Austrian technologies to be used in MoRTH projects
Austria and India have signed a pact to create an effective framework for bilateral cooperation in the field of Road Transportation, Road and Highways infrastructure development, management and administration, Road safety and Intelligent Transport Systems in their countries.
The Memorandum of Understanding (MoU) signed on 9 Dec 2020, will further strengthen ties, promote long-standing bilateral relations and enhance trade and regional integration between the two countries, said the Ministry of Road Transport and Highways (MoRTH).
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.
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 the MoU in the Transport sector.
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.
The MoU was signed by Ambassador of Austria Brigitte Öppinger-Walchshofer for the Federal Ministry of Climate Action, Environment, Energy, Mobility, Innovation and Technology, and K. C. Gupta, MoRTH Additional Secretary. #technology #investment #development #infrastructure #roads /fiinews.com
