For the development of Viable Railway Projects including projects with Viability Gap Funding, Government of Gujarat and Ministry of Railways have signed a Joint Venture Agreement on 17th August 2016 to form a JV Company which would develop railway projects by itself or through an SPV’s. Consequently, a JV Company namely Gujarat Rail Infrastructure Development Corporation Limited (G-RIDE) has been incorporated under the provision of the Companies Act, 2013, on 6th January 2017 with equity contribution of 51% and 49% from Government of Gujarat(GOG) and Ministry of Railway(MOR) respectively.

G-RIDE has a mission to develop and augment critical Railway Development projects, enhance capacity of High-Density Network and provide last mile railway connectivity with main railway line of the State with high standards of safety and efficiency by adopting the best technological practices, sound financial strategy and optimum utilization of resources through implementing large capacity creation programs.