New Delhi: On Wednesday, 9th December, the Ministry of Road Transport and Highways (MoRTH) 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.
According to the statement issued by the Indian Ministry of Road Transport & Highways, 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, stated the MoRTH.
India has had good diplomatic relations with Austria since the establishment of bilateral ties between the two countries in 1949, the statement observed. 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, the Ministry stated.
The Indo-Austria bilateral cooperation in the road transport sector will 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, the MoRTH statement concluded.
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