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The details of Railway projects for which foreign assistance is being received, their estimated cost, external aids received and utilized are as below:
1. 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 cost of the Project is US$ 579.2 million. The loan amount is US Dollar 313.6 million. The loan has not been drawn so far.
2. Mumbai Urban Transport Project (MUTP), which has both road and rail components, is being partly funded by World Bank. The estimated cost of the rail component is Rs. 3125 core. A loan of US Dollar 463 million has been extended by International Bank of Reconstruction and Development (IBRD) and a credit of SDR 62.5 million has been extended by International Development Association (IDA). The IBRD loan and IDA credit earmarked for the rail component are US Dollar 305 million and about US Dollar 60 million respectively. An amount of Rs. 177.72 crore and Rs. 252.63 crore has so far been utilized from the loan and credit respectively.
3. Project of Modernization of Signalling between Ghaziabad and Kanpur is being partly funded by Kreditanstalt fur Wiederafbau (Kfw), Germany. The estimated cost of the project is Rs, 425 crore. The loan amount is DM 185 million (Euro 95 million). An amount of Rs. 5.57 crore has been utilized so far from this loan.
A total amount of Rs. 23.19 crore has been paid by the Government as commitment charges.
The above information was given by the Minister of State for Railways Shri R. Velu in a written reply to a question in the Lok Sabha today.
HB:BKS:CKB
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