The Ministry of Railways
is negotiating a loan of US$ 313.6 million from the Asian Development
Bank (ADB). It is a sector loan. The loan is being taken to raise
resources for sub-projects that come under the National Rail Vikas
Yojana. Government of India would repay the loan as per the usual
terms as approved by the Board of Directors of ADB while considering
the loan proposal for approval.
This information
was given by Shri Bandaru Dattattraya, Minister of State for Railways
in a written reply to a question by S/shri T.M.Selvaganapathi
and Ramachandra Paswan in the Lok Sabha today.
