FUNDING OF RAILWAY PROJECTS

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RAJYA SABHA

Indian Railways are currently holding discussions with the Asian Development Bank (ADB) for sanction of a loan of US$ 300 million during the current financial year. The details of projects to be funded are under finalisation.

The World Bank has recently approved a loan of US$ 364.9 million for the rail components of the Mumbai Urban Transport Project (MUTP) Phase-I. These works are expected to be completed by December 2007, depending upon the availability of funds.

This information was given by Shri Bandaru Dattatraya Minister of State for Railways in a written reply to a question by Shri R.P.Goenka in the Rajya Sabha today.