ADB to provide a $150 million loan to Indian govt to improve rail freight services

Date Posted: 2012-07-10

NEW DELHI: Asian Development Bank (ADB) will provide a $150 million loan to the Indian government loan under Railway Sector Investment Program to improve rail freight services and passenger transport routes.

The amount will be the 1st tranche of the $ 1,144 million investment and will help the country improve rail services along some of its busiest freight and passenger transport routes, providing double-track for about 840 kilometers of rail routes and electrifying about 640 kilometers.

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