Despite having the largest rail network in Asia, Indian Railways has not been able to make much progress. The reasons for its dismal growth are known. Union Railway Minister Suresh Prabhu has ambitious plans of expansion and capacity building. In this regard, he says that in the high density routes, there has been considerable underinvestment, resulting in congestion.
Tag: ADB
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ADB funding 31,000 km rural roads
To support development programmes in India, the Asian Development Bank (ADB) is involved in constructing or upgrading 31,000 km of rural roads
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ADB raises Rs 300 cr
Asian Development Bank (ADB) has raised Rs 300 crore from its maiden issuance of offshore Indian rupee-linked bonds.
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$9 bn ADB loan to India over 3 years
Asian Development Bank (ADB) will provide $7-9 billion loan to India over the next three years. Besides, it will also provide about $30 million for technical assistance grants
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Arun Jaitley represents as India’s Governor on ADB board
The Union Finance Minister Arun Jaitley has been appointed as IndiaÂ’s Governor on the Board of Governors of the Asian Development Bank (ADB) with effect from 27th May, 2014 in place of P. Chidambaram.
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ADB may fund Chennai-Vizag corridor
Asian Development Bank (ADB) has shown interest to back an industrial corridor along the coast of Andhra Pradesh, giving a confidence boost to the state as it prepares for a new life without Telangana and Hyderabad.
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Six road projects in Manipur to be funded by ADB
Asian Development Bank (ADB) has sanctioned Rs 1,800 crore for development of roads and bridges in Manipur. The proposal for development of six roads has been sent to ADB. Some of these road project include 110-km long Imphal-Moreh Road on NH-2; 85-km long road from Imphal to Wangjing, Heirok and Khudengthabi; 34-km long ring road in Greater Imphal and road from Imphal to Kangchup.
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Tata seeks waivers from Mundra UMPP lenders
Hit by higher price of imported coal and lower tariff realisation, Tata Power has sought 'certain waivers' from lenders to ensure further disbursements of loans to the 4,000 MW Mundra plant
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ADB to form company for TAPI project
By end-September 2013, the four nations involved in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project agreed to form a company for implementing this purpose. All the four nations agreed to this at a recent meeting of the Steering Committee on the TAPI gas pipeline project in Ashgabat. The meeting was attended by Petroleum and Natural Gas Minister Veerappa Moily, Rashid Meredov, Depu
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Govt to seek assistance to rebuld infra in Uttarakhand
Ministry of Finance, Government of India, has decided to seek external assistance from the Multilateral Development Banks (MDBs) like Asian Development Bank (ADB) and the World Bank for rebuilding of damaged infrastructure in Uttarakhand. Loans from the MDBs would be passed on by Government of India to the state of Uttarakhand as 90 percent grant and 10 percent loan, since it is a special category state