Current Affairs Agreements

Agreements ADB To Provide USD750 Million Loan To India For Railway Track Electrification

Category : Agreements

  Multilateral funding agency Asian Development Bank (ADB) has announced that it has signed an agreement to provide USD 750 million equivalent in Indian rupee long-term financing to electrify railway tracks in India. It is the largest single non-sovereign loan ever committed by ADB to Indian Railway Finance Corporation (IRFC) to fund the railways track electrification project.
Source- The Economic Times


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