Indian Railways has taken loans from various international financial agencies such as the World Bank and Asian Development Bank to execute the following ongoing projects:
* Mumbai Urban Transport Project: The ongoing MUTP has two components - road and rail. The Rs 4,174.40 crore estimated cost of the suburban rail component is partly funded by two World Bank arms-International Bank for Reconstruction and Development ($304.5 million) and International Development Association ($60 million). The total amount utilised under this twin loans till March 31, 2009, was $132.072 million (IBRD) and $42.47 million (IDA).
* Kreditanstalt fur Wiederafbau (KfW), Germany, has loaned €94.5 million towards the €108.5-million cost of the modernisation of signalling between Ghaziabad and Kanpur. The total amount utilised under this loan up to March 31, 2009, is around €24 million.
* ADB is financing the Railway Sector Improvement Project to enhance capacity of the rail network. The sub-projects to be funded are mainly in GQ and port connectivity. The estimated cost of projects under this loan is Rs 991 crore. The loan amount is $212.3 million. The total amount utilised under this loan till March 31, 2009, is around $126 million.
Source : ProjectsMonitor
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