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ADB to provide ₹5,200 cr to electrify railway tracks in India
short by Shruti Maria Mahendar / on Thursday, 23 May, 2019
The Asian Development Bank (ADB) on Wednesday said it will provide $750 million (over ₹5,200 crore) long-term financing to electrify railway tracks in India. This is the largest single non-sovereign loan ever committed by the funding agency. Indian Railway Finance Corporation (IRFC) will use the loan to install electric traction equipment along about 3,378 kilometres of existing railway lines.
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