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A loan of US $ 305 millions from International Bank for Reconstruction and Development (IBRD) and a credit of US $ 60 millions from International Development Association (IDA) have been earmarked for the rail component of Mumbai Urban Transport Project (MUTP). The estimated cost of the rail component of the MUTP is Rs. 3125 crores. An amount of Rs. 127.90 crores has so far been utilized from the loan and credit.
The MUTP has both road and rail components and is partly funded by the World Bank through a loan of US $ 463 millions from IBRD and a credit of SDR 62.5 from IDA.
The project of modernization of signalling between Ghaziabad and Kanpur is partly funded by a loan of Deutsche Mark (DM) 185 million (Euro 95 millions) from Kreditatanstalt fur Wiederafbau (KfW), Germany. The estimated cost of this project is Rs. 425 crores.
The Asian Development Bank (ADB) has extended a loan of US $ 313.6 millions for the Railway Sector Improvement Projects (RSIP) to improve the performance of the railways by financing priority investments to overcome railway capacity bottlenecks, operational efficiency, safety and support implementation of a programme of reforms formulated by the Ministry of Railways to improve commercial orientation of Indian Railways. The estimated cost of the project is US $ 579.2 millions. The loan has not yet become effective.
So far, the Government has paid a sum of Rs. 17.07 crores towards commitment charges for the external assistance.
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