ADB provides largest ever non-sovereign loan for Railway Electrification in India
Sector: Mass Transit • Location: India
Source: Highways Today
The Asian Development Bank (ADB) has signed an agreement to provide $750 million equivalent in Indian Rupees in long-term financing—the largest single non-sovereign loan ever committed by ADB—to Indian Railway Finance Corporation (IRFC) to fund the Railways Electrification Project, as part of a broad modernization program that will help India’s railway sector transition to electric power and away
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Original status | ongoing |
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Taiyo last update | 00-00-0000 |
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Description
Description | The Asian Development Bank (ADB) has signed an agreement to provide $750 million equivalent in Indian Rupees in long-term financing—the largest single non-sovereign loan ever committed by ADB—to Indian Railway Finance Corporation (IRFC) to fund the Railways Electrification Project, as part of a broad modernization program that will help India’s railway sector transition to electric power and away from dependence on fossil fuels. |
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Original Currency | USD |
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Data quality score | 100% |
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