Multilateral funding agency Asian Development Bank (ADB) has signed an agreement to provide $750 million equivalent in Indian rupee long-term financing to electrify railway tracks in India. As part of a broad modernisation programme that will help India’s railway sector transition to electric power and away from dependence on fossil fuels.
ADB to provide $750 mn loan to India for railway track electrification project
Date posted: Thursday 23 May 2019