Rail Infrastructure Current Affairs, GK & News
On March 27, 2020, the JICA (Japanese International Cooperation Agency), a funding agency of the Japanese Government signed an agreement with GoI for 3 mega rail infrastructure projects. The project cost has been estimated as Rs 15,295 crores Highlights According to the agreements, Rs 8,553 crores have been granted by the JICA for phase I ..
Category: International Current Affairs
On December 23, 2019, Ministry of Railways announced that Indian Railways is set to receive modern signaling systems. According to the ministry, it is one of the most ambitious projects of Indian Railways. This is because the project improves safety, line capacity allowing trains to run at higher speeds. Highlights The plan will be implemented ..
Government has inked $120 million loan agreement with Asian Development Bank (ADB) for completion of projects to improve Rail Infrastructure along high-density corridors and operational efficiency of Indian railways. The loan has 20-year term, including grace period of 5 years and have annual interest rate determined according to ADB’s London interbank offered rate (LIBOR) based ..