New Delhi: Ircon International, the construction arm of Indian Railways, has joined hands with a Malaysian company, M-Trans Holdings, to work together for planning and constructing monorail projects in various cities of India.

The tie-up has been named as the IRCON-M-Trans Joint Venture.

M-Trans Holdings has commissioned the working monorail project of Malaysia in Kuala Lumpur. It recently bagged a monorail contract worth $1.2 billion in South Korea.