Lok Sabha
Railways have taken loans from various foreign financial agencies for the execution of following ongoing railway projects. These are:-
i) Mumbai Urban Transport Project (MUTP) for improvement of suburban rail services in Mumbai area, which has both road and rail components. The estimated cost of the rail component of the project is Rs. 4174.40 crore. It is partly funded by a loan from World Bank i.e. The International Bank for Reconstruction and Development (IBRD) loan and International Development Association (IDA). Credit earmarked for the rail component of the project are US $ 304.5 million and US $ 60 million respectively from IBRD and IDA. The total amount utilized under this loan upto March 31, 2009 is US $ 132.072 million of IBRD loan and US $ 42.47 million of IDA credit.
ii) Modernization of Signalling between Ghaziabad and Kanpur at an estimated cost of Euro 108.5 million is being partly funded by loan from Kreditanstalt fur Wiederafbau (KfW), Germany. The loan amount is Euro 94.5 million. The total amount utilized under this loan upto March 31, 2009 is 24.028 million Euros.
iii) The Asian Development Bank has extended a loan to finance the Railway Sector Improvement Project with the objective of enhancing capacity of the rail network and improving operational efficiency/safety. The subprojects to be funded from the loan are principally in the Golden Quadrilateral and its Diagonals and Port Connectivity projects. The estimated total cost of the various projects under this loan is Rs. 990.82 crore. The loan amount is US $ 212.3 million. The total amount utilized under this loan upto March 31, 2009 is US $ 126.115 million.
This information was given by the Minister of State for Ministry of Railways, Shri K. H. Muniyappa in a written reply in Lok Sabha today.
Railways have taken loans from various foreign financial agencies for the execution of following ongoing railway projects. These are:-
i) Mumbai Urban Transport Project (MUTP) for improvement of suburban rail services in Mumbai area, which has both road and rail components. The estimated cost of the rail component of the project is Rs. 4174.40 crore. It is partly funded by a loan from World Bank i.e. The International Bank for Reconstruction and Development (IBRD) loan and International Development Association (IDA). Credit earmarked for the rail component of the project are US $ 304.5 million and US $ 60 million respectively from IBRD and IDA. The total amount utilized under this loan upto March 31, 2009 is US $ 132.072 million of IBRD loan and US $ 42.47 million of IDA credit.
ii) Modernization of Signalling between Ghaziabad and Kanpur at an estimated cost of Euro 108.5 million is being partly funded by loan from Kreditanstalt fur Wiederafbau (KfW), Germany. The loan amount is Euro 94.5 million. The total amount utilized under this loan upto March 31, 2009 is 24.028 million Euros.
iii) The Asian Development Bank has extended a loan to finance the Railway Sector Improvement Project with the objective of enhancing capacity of the rail network and improving operational efficiency/safety. The subprojects to be funded from the loan are principally in the Golden Quadrilateral and its Diagonals and Port Connectivity projects. The estimated total cost of the various projects under this loan is Rs. 990.82 crore. The loan amount is US $ 212.3 million. The total amount utilized under this loan upto March 31, 2009 is US $ 126.115 million.
This information was given by the Minister of State for Ministry of Railways, Shri K. H. Muniyappa in a written reply in Lok Sabha today.
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