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ADB to finance Railways Track Electrification Project in India
The Asian Development Bank (ADB) has signed an agreement to electrify railway tracks in India under Railways Track Electrification Project. As per agreement ADB will provide $750 million (equivalent in Indian Rupee) long-term financing to Indian Railway Finance Corporation (IRFC). ..
Month: Current Affairs - May, 2019
ADB commits USD 10 billion to support development of States in India
The Asian Development Bank has committed USD 10 billion to support infrastructure building and to cater to the immediate development needs of less-developed States in India. This has been stated by ADB President Takehiko Nakao during his 3-day visit to India. Salient ..
Month: Current Affairs - June, 2017
Government signs $ 75 million loan deal with Asian Development Bank for KIUWMIP
Government has signed a loan agreement with Asian Development Bank (ADB) for 75 million dollars and 1.8 million dollar grant for Karnataka Integrated Urban Water Management Investment Program (KIUWMIP). This loan fund will be used in the three towns of ..