India: Railway Sector Investment Program - Tranche 1

This multitranche financing investment program will improve the transport network by developing an energy-efficient, safe, reliable, affordable, and environment-friendly railway system along transport corridors with heavy bulk freight traffic, promoting greater mobility and supporting sustainable socio-economic development in the country.


PROJECT DETAILS

Commitment Date

Funding Type

Country

Sector

Status

Total Cost

9 Jul 2012

Loan

India

Transport/Rail

Ongoing

$343.40 million

KEY OUTPUTS

Railway infrastructure improvement, including civil works, electrification, supply of rails and switches, and other related services and works 

Provision of equipment and implementation support to the institution strengthening action plan

Implementation support to the Ministry of Railways for mitigation and carbon credits activities

FINANCING

$150 million (Asian Development Bank)

$193.4 million (Government of India)